At the meeting, Yang Dongsheng, general manager and deputy secretary of CPC, represented XCMG to have in-depth exchanges with representatives of European industry and commerce, multinational corporations, and other participants, emphatically shared XCMG’s investment and strategic cooperation practices in Europe with the participants, and made a speech on “Sharing Opportunities, Win-win Cooperation, Building an EU-China Community of Destiny”.
Yang Dongsheng, general manager and deputy secretary of CPC, made a speech in the speech.
Deepening friendship and cooperation
It is understood that XCMG is one of Chinese enterprises with the most invested projects in Europe. Since reform and opening up, XCMG has introduced many products and technologies from Europe through technology and trade cooperation, such as Liebherr all-terrain cranes, DYNAPAC rollers, Wittgen milling machines, and Vgele pavers, which not only promotes the development of Chinese construction machinery, but also opens a door for European enterprises to enter the Chinese market.
XCMG and Rothe Erde under ThyssenKrupp set up a joint venture factory in China. Since the factory is founded, its number of employees has tripled, sales revenue has increased by nearly ten times, and market leading position has been continuously consolidated. This factory has grown into a leading brand in Chinese slewing bearing market.
Importing technologies and building joint-venture plants are the product and model by long-term friendship and win-win cooperation between Chinese and European enterprises. In recent years, XCMG has established friendly and cooperative relations with many famous companies, such as Bosch Rexroth, ZF Friedrichshafen AG, and research institutes, such as RWTH Aachen.
In 2018, XCMG purchased parts valuing 290 million euros from EU countries and enterprises. From 2011 to now, XCMG’s purchase amount in EU has reached 1.56 billion euros, which promoted the development of related industries and employment in Europe.
XCMG R&D center in Europe
Creating a Model of China-EU Cooperation
In 2012, XCMG cooperated with SCHWING, invested funds in and provided financing sources for the company, and helped it regain vitality through recruitment of outstanding talents, development of new products, strengthening management and control of overseas subsidiaries, and other management measures. SCHWING has made profits for two consecutive years, and continuously maintained and promoted its new strength and advantages as the first brand of concrete machinery in Europe and America. In addition, XCMG purchases FT Group, a Germany hydraulic technology company, and AMCA, a Netherlands valve technology company.
XCMG purchased SCHWING.
XCMG purchased AMAC, Netherlands.
XCMG purchased FT, Germany.
It is reported that this meeting will further promote XCMG to cooperate with more European enterprises in construction machinery, heavy trucks, environmental protection, intelligent manufacturing, and other fields, and further help XCMG internationalization process and XCMG industry to climb the “Everest”.
