XCMG steps up overseas presence
By Zheng Lifei | China Daily | Updated: 2008-11-27 08:07
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A crane developed by Xuzhou Construction Machinery Group (XCMG), being displayed at the Bauma China 2008 construction machinery fair which ends tomorrow. XCMG claims the crane has broken foreign monopoly in the high-end crane sector. Nie Weihua |
SHANGHAI: Xuzhou Construction Machinery Group (XCMG), China's biggest construction machinery maker, expects its overseas sales to grow 25 percent next year to $1 billion despite the global financial crisis, its chairman said yesterday.
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