In June 2011, the total value of the XCMG-Venezuela project was 4.842 billion yuan (equivalent to US$744.6 million), which is the largest single export of construction machinery in China so far.
Even though Venezuela’s large-scale housing construction and the construction of infrastructure in the African continent have provided a huge market for large-scale export of construction machinery in China, from another perspective, China’s engineering machinery products are of reliable quality and advanced technology. The most important factor for winning overseas markets.
Since the economic crisis in 2008, the construction machinery market in Europe and the United States has shown a downward trend, and product sales and market share are gradually catching up or even surpassing that of “Made in Chinaâ€.
In August 2011, XCMG exported Xugong QUY80E (CE) crawler cranes to Western Europe for the first time. The successful exportation of XCMG large-scale machinery to Western Europe demonstrates the quality of XCMG products and the overseas service standards have already qualified for entering the high-end market. The great confidence of dealers also marks a new step for Xugong’s crawler cranes. In 2011, Taiyuan Heavy Industry, Wuxi Huadong Heavy Machinery and other companies also exported multiple cranes of different types to overseas, and worked with their counterparts to create overseas sales of the Chinese machinery industry.
In the list of the world's top 50 construction machinery manufacturers released in 2011, the number of Chinese companies on the list hit a record, breaking 10; among them, 3 companies entered the top 10. Such rapid development momentum has demonstrated to the world the speed of China. It can be said that the large-scale export of Chinese construction machinery is a general trend and the world needs Chinese manufacturing.
Even though Venezuela’s large-scale housing construction and the construction of infrastructure in the African continent have provided a huge market for large-scale export of construction machinery in China, from another perspective, China’s engineering machinery products are of reliable quality and advanced technology. The most important factor for winning overseas markets.
Since the economic crisis in 2008, the construction machinery market in Europe and the United States has shown a downward trend, and product sales and market share are gradually catching up or even surpassing that of “Made in Chinaâ€.
In August 2011, XCMG exported Xugong QUY80E (CE) crawler cranes to Western Europe for the first time. The successful exportation of XCMG large-scale machinery to Western Europe demonstrates the quality of XCMG products and the overseas service standards have already qualified for entering the high-end market. The great confidence of dealers also marks a new step for Xugong’s crawler cranes. In 2011, Taiyuan Heavy Industry, Wuxi Huadong Heavy Machinery and other companies also exported multiple cranes of different types to overseas, and worked with their counterparts to create overseas sales of the Chinese machinery industry.
In the list of the world's top 50 construction machinery manufacturers released in 2011, the number of Chinese companies on the list hit a record, breaking 10; among them, 3 companies entered the top 10. Such rapid development momentum has demonstrated to the world the speed of China. It can be said that the large-scale export of Chinese construction machinery is a general trend and the world needs Chinese manufacturing.
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