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Construction : Web Exclusive | May 2017 | Source : Equipment India

XCMG posts soaring first quarter performance

Construction machinery manufacturer XCMG reported a 70 per cent jump in quarterly machinery sales in the first quarter of 2017 after selling more than 4,000 excavators worldwide, marking a 150 per cent year-on-year increase.
Following on this growth trend, the XCMG Excavator Machinery Business Department is about to ship more than 20 intelligent excavators to Ghana, Africa, as XCMG’s more advanced products attract customers in more international markets.

In addition to excavators, XCMG’s other products, including truck cranes, crawler cranes and road rollers, also showed significant growth in sales in the first quarter.

XCMG has bounced back from a low base and projects much-improved overall operations in 2017.
The sales of double-drum rollers have increased by 177 per cent. Pavers with more than 12 m spread saw a 153 per cent increase in sales, horizontal directional drills saw a 170 per cent jump in sales, and the fire fighting sector increased by 600 per cent.

XCMG’s Foundation and Heavy Truck divisions have secured large orders of 200 million yuan ($29 million) and 60 million yuan ($8.7 million), respectively as demand in those markets have also shown improvement from the previous year.

“While the industry was in a slump, XCMG continued to provide quality products, focused research and development on mid- to high-end products and further expand our product lines into intelligent manufacturing, and built an Internet of Things management platform to upgrade and optimise our products through analysing big data,” commented Sun Jianzhong, Deputy General Manager of XCMG.

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