XCMG

徐工

Founded in 1943, the globally renowned brand in the field of construction machinery, integrated with research and development, manufacturing, and sales, mainly focusing on heavy machinery, earthmoving machinery, excavators, concrete machinery, and other mechanical products.

XCMG Construction Machinery Co., Ltd. (referred to as “XCMG”), a core business and a historically significant member of Xuzhou Construction Machinery Group Co., Ltd. (referred to as “XCMG Group”), is a leading enterprise in China’s construction machinery industry. It boasts a vast scale, comprehensive product range, competitiveness, influence, and a strategic national position, with a market value in the hundreds of billions. It stands as a prominent emblem of China’s equipment manufacturing industry.

The company’s predecessor traces back to the Lu-Nan Eighth Arsenal of the Eighth Route Army, established in 1943, which laid the foundation for China’s construction machinery industry and paved the way for internationalization. It has continuously contributed to major global engineering projects.

Currently, its business segments encompass XCMG Group Co., Ltd. (Stock code: 000425.SZ), an early-listed company in the construction machinery sector, and various industry sectors such as excavator machinery, concrete machinery, mining machinery, tower cranes, modern logistics, and military-civilian integration, among others, which have not yet entered the stock market. These entities collectively comprise over 60 mainframe, trading, service, and new-format companies.

XCMG vigorously executes its “Going Global” strategy, with its product sales network spanning across 180 countries and regions, supported by 300+ overseas outlets that offer comprehensive marketing services. Its annual exports have surpassed 1.6 billion USD. Presently, XCMG Group holds a leading market share in nine major machine categories and three key foundational components categories. It consistently ranks at the forefront in terms of the export volume and value of five major machine categories within the domestic industry. It also leads the global market in sales of automotive cranes and heavy-duty road rollers. The radiant “XCMG Gold” shines brightly around the world.