Xugong Group
Xugong Group Co., Ltd., also known as XCMG, is a Chinese construction machinery, aviation, industrial materials and equipment production enterprise. Founded in 1989 and headquartered in Xuzhou, China, Xugong has the vision to be the world-class multinational enterprise. Its product range includes construction machinery, such as excavators, pavement processing machinery, road building machinery, recycling machinery, etc.; aviation and other special-purpose vehicles; industrial materials and equipment. With a total of 18,000 employees, Xugong Group has evolved from an enterprise with only CNY 8.4 million of net asset to an USD 11 billion multinational enterprise. As one of China’s most innovative enterprises, Xugong Group has achieved a great success in domestic, and it is now expanding into the global market.
Xugong Group has several business entities such as XCMG Construction Machinery Co., Ltd., XCMG Aviation Co., Ltd., and XCMG Industrial Materials Co., Ltd. It was ranked 80th among the Global Fortune 500 companies in 2017 and was listed in the world Top 500 for 9 consecutive years. In 2017, Xugong ranked third among the China Top 500 Enterprises, fourth among all machinery manufacturers in the world, and 12th among all construction machinery manufacturers in the world, maintaining the industrys leading position for many consecutive years. Xugong Group has become a model for the strategic development of Chinas private enterprises.
Xugong Group is committed to innovation and research and development. The Company invested CNY 10.6 billion in research and development in 2017, ranking 11th among the enterprises in the world. The company has 14 R&D centers in China and 3 overseas research centers in Europe and the United States, and established Chinas first independent research center in 2017, XCMG Global Technology Innovation Center. Xugong Group actively promotes the development of new products and technology, and in 2017, it had 81 registered patents in the United States and other countries.
The service network of Xugong spans over 200 countries and regions around the world. XCMG has signed a strategic cooperation agreement with more than 60 companies and universities, providing global customers with convenient, efficient and localized after-sales service. Xugongs global service and spare parts supply chain can respond to customer needs in a timely and efficient manner.
In 2018, Xugong Group won many awards from home and abroad: 2018 National Machine Industry Creation Award, National May 1st Labor Medal and etc. In the same year, Xugong signed medium- and long-term strategic cooperation agreements with the Kazakhstan – China Center for Technology Exchange and the China – Mongolia Center for Technology Exchange. Based on this, Xugong has actively responded to China’s “Belt and Road” Initiative, and taken the initiative to enter the markets of USSR and Central Asia countries with its construction machinery, providing better services and creating more value to customers.
With its strong corporate culture and spirit, Xugong Group is dedicated to creating employment opportunities, increasing tax revenue and contributing to various social welfare activities. The Company has established more than 80 employee cultural, sports, and welfare associations, such as XCMG Art Troupe and XCMG Chorus, which promote cultural life for employees. Xugong Group actively participates in poverty alleviation projects and public interests activities relevant to culture, education, safety production and public health, helping to promote healthy development of local communities and contributing to a better society.
