Moving up to 6th Place on KHL’s 2018 Yellow Table
In the Yellow Table report released by European construction publisher KHL last year, XCMG jumped up two spots from the eighth place, achieving the highest ranking among any Chinese construction machinery manufacturers. In spite of several years of industrial downturn in the global construction machinery market, XCMG was reckoned as one of the vital force for the robust recovery in the equipment industry.
Rapid Development in New Industrial Sectors
In 2018, divisions and subsidiaries have put the product development strategy ‘high-end, high added value, high reliability and large tonnage’ into practice. Capitalizing on the opportunity of massive demand from various infrastructure projects, XCMG achieved an operating income of over 10 billion yuan from the crane and excavator sectors respectively. Both concrete machinery and piling machinery ranked second in the industry. The development of other emerging sectors, such as heavy-duty truck, was also striking, with annual sales of 18,000 units.
Effective Implementation of Smart Manufacturing Strategic Planning
Driven by Industry 4.0, XCMG has embarked on the smart manufacturing journey by manufacturing mining machinery, fire-control equipment and high-end core component smart manufacturing industry bases. In March 2018, the first intelligent welding production line in the crane sectors has been put into operation. In order to achieve operational goals, for instances, reducing costs, improving safety and spurring product innovation, XCMG even established industrial internet, which was built by open source internet technology, integrating cloud computing, big data, the internet of things, artificial intelligence and other emerging technologies.