XUZHOU, China, February 3, 2024 /PRNewswire/ — XCMG Machinery (SHE: 000425, “XCMG”) has been recognized as a Leading Brand for the groundbreaking innovations that drive the advancement of the global industry, earning it a spot on the 2023 Forbes China Globalization Innovators Selection 30&30 list. The prestigious Forbes China 30&30 Selection recognizes Chinese brands that are experiencing strong global growth and developing breakthrough innovations. Over the past 80 years, XCMG has developed into a leading construction machinery company with global competitiveness, influence, and an iconic brand in China’s engineering industry, covering 95 percent of the countries participating in the Belt and Road Initiative.
“We are very honored to have been recognized as one of the leading brands in successful globalization and innovation. XCMG is committed to providing the best products and services to its customers around the world, and we will continue to drive technological innovation and integrated business development as a leader in the global construction equipment industry,” said Yang Dongsheng, Chairman of XCMG. The company’s international sales accounted for 40 percent of XCMG’s total sales from January to October 2023.
On December 23, 2023, XCMG officially established its global procurement center to overcome the limitations of traditional organizational and operating models, processes, systems, and mechanisms and achieve holistic, synergistic development that integrates and unifies all available resources through the transformation of procurement creates added value. Meanwhile, XCMG also established the international business division and announced the 14 global business regions to support the thoughtful management of overseas business. This is part of the Group’s international business strategy “1+14+N”, the aim of which is to embrace change, accelerate transformation, and achieve long-term success.
The World Brand Lab is on December 13th New York City released the 2023 World’s 500 Most Influential Brands list, and XCMG was recognized as one of the brands ranked 382nd, the highest ranking among all Chinese construction equipment companies. The XCMG brand is now valued at 113.619 billion yuan ($15.94 billion). “As one of China’s largest construction machinery manufacturers, XCMG has always pursued the goal of building a first-class industrial chain and contributing to building a better future with high-quality products and services,” Yang said.
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For further information, Please contact:
XCMG Machinery
Website: http://www.xcmg.com
Phone: +1234567890
Fax: +1234567891
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