XCMG Machinery hosts 5th Intl Customers Festival
Chinese construction machinery manufacturer XCMG Machinery has held its fifth International Customers Festival recently in Xuzhou, Jiangsu province, lining up flagship products and innovative intelligent solutions to celebrate the Group's achievements with global customers, partners and industry experts throughout the seven-day event starting from May 16.
The Festival was attended by more than 300 customers from 22 countries and set the highest single-day order signing record at 500 million yuan ($70.86 million), according to the company.
XCMG's overseas sales revenue accounted for 30 percent of the company's total in 2022. Its overseas revenue in the first quarter of 2023 exceeded 10.6 billion yuan, a record-breaking number for single-quarter performance that accounted for 45 percent of the total revenue, it said.
At the same time as the Festival, XCMG had a team visiting Europe as part of Xuzhou's trade delegation and signed orders totaling 32.53 million euros ($35.03 million) with customers in Germany, Poland, France, the Netherlands, Italy and Spain.
In the past three years, XCMG has increased the number of overseas dealers to 350 while expanding the business scope to emerging sectors, including agricultural machinery.
XCMG now exports to more than 190 countries and regions worldwide, with R&D centers, manufacturing bases and assembly plants operating in more than a dozen countries, including Germany, Brazil, the US and India.
XCMG is committed not only to exporting "Advanced and Endurable" products but also to providing the integrated services and support as part of the "whole value chain" strategy, said Lu Chuan, president of XCMG Machinery.
We're leveraging the technologies to build more overseas training centers and spare parts facilities to deliver prompt services to our global customers, he added.
As a top three construction machinery manufacturer worldwide, the group has been China's No 1 construction machinery manufacturer for 34 years consecutively.
