Xuzhou Construction Machinery Group Co., Ltd

Xuzhou Construction Machinery Group Co., Ltd Overview

Company Headquarters: Jiangsu, China

Founded: 1989

Workforce: ~ 15,483

Company Working: Xuzhou Construction Machinery Group Co., Ltd. (XCMG) is a manufacturer and distributor of construction equipment. The company's portfolio of products includes surface excavation bogie, bridge construction equipment, dredger, drill jambo, truck crane, rough-terrain crane, all-terrain crane, crawler crane, tower crane, truck-mounted crane, concrete machinery, loaders, excavators and piling machinery. Its road machinery comprises of road roller, grader, paver, asphalt distributor, asphalt mixing plant, milling machine and asphalt pavement maintenance vehicle. The company provides product consultation, after-sales, offers spare parts, financial services and repair services. It has services outlets in various countries across the Americas, Europe, Asia-Pacific and the Middle East. XCMG is headquartered in Xuzhou, Jiangsu, China.

Strategy

Xuzhou Construction Machinery Group Co., Ltd. is investing in R&D to offer new and advanced heavy construction equipment and collaborate with major companies in the market. It is also looking to increase its reseller partners so as to expand its geographic reach and increase its share in the global market.

Company Snapshot

$8,946M

Revenue

15,483

Employees

1989

Founded

Jiangsu, China

Headquarters

SWOT Analysis

Strengths

Extensive industry experience
Highly successful at go-to-market strategy
Wide global customer base
Extensive distribution network

Weaknesses

Dependence on the domestic market
Dependency on few licensed suppliers

Opportunities

Mergers with and acquisitions of key players in the global market

Threats

Slow certification process
Fluctuating currency exchange rates

Key Developments

Date	Approach	Development
January 2022	Partnership	Xuzhou Construction Machinery Group Co., Ltd. (XCMG) partnerships with CanLift Equipment Ltd., and gives exclusive rights to sales in Ontario for all XCMG earthmoving equipment.

Product Offering

Xuzhou Construction Machinery Group Co., Ltd
- Heavy Construction Equipment

Financial Performance

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