Location:Chinatrucks >
news >
truck news > XCMG Reports a 70 percent Jump in Machinery Sales in Q1, 2017
XCMG Reports a 70 percent Jump in Machinery Sales in Q1, 2017
Date:2017-05-12 Source:prnewswire
www.chinatrucks.com: World-leading construction machinery manufacturer XCMG is reporting a 70 percent jump in quarterly machinery sales in the first quarter of 2017 after selling more than 4,000 excavators worldwide, marking a 150 percent year-on-year increase.
Following on this growth trend, the XCMG Excavator Machinery Business Department is about to ship more than 20 intelligent excavators to Ghana , Africa , as XCMG's more advanced products attract customers in more international markets.
In addition to excavators, XCMG's other products, including truck cranes, crawler cranes and road rollers, also showed significant growth in sales in the first quarter.
Closely tied with the economy, the construction machinery industry is one of the important indicators of a state's macro-economic operation. A global leader in the industry, XCMG has bounced back from a low base and projects much-improved overall operations in 2017.
The sales of double-drum rollers have increased by 177 percent, surpassing other top international brands. Pavers with more than 12 meters' spread saw a 153 percent increase in sales, horizontal directional drills saw a 170 percent jump in sales, and the firefighting sector increased by 600 % .
XCMG's Foundation and Heavy Truck divisions have secured large orders of 200 million yuan ( US$29 million ) and 60 million yuan ( US$8.7 million ) respectively as demand in those markets have also shown improvement from the previous year.
"While the industry was in a slump, XCMG continued to provide quality products, focused research and development on mid- to high-end products and further expand our product lines into intelligent manufacturing, and built an Internet of Things management platform to upgrade and optimize our products through analyzing big data," commented Sun Jianzhong, deputy general manager of XCMG.
XCMG invests 5 percent of capital into R&D every year. As the industry recovers, XCMG's years of experience and talented teams of engineers have enabled the company to maintain a more than 50 percent market share in the intelligent excavators, 500-ton crawler cranes and 80-ton truck cranes sectors in the first quarter 2017, according to China Construction Machinery Association.
Views:0
Related China Trucks News
- China’s First Mining Specialized Remote Sensing Satellite Launched 2023-07-25
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April 2023-06-13
- CONEXPO-CON/AGG 2023: XCMG Showcased Two Wide-Body Mining Dumpers 2023-03-21
- XCMG Announces Entry into Light Truck Sector, Aims to Sell 10,000 Units in 2023 2022-12-29
- 10 XCMG XPT70E Electric Offset Tractors Were Delivered 2022-12-23
- XCMG Selected as World's 500 Most Influential Brands for 4 Consecutive Years 2022-12-23
- XCMG Delivered 100 hydrogen-fueled heavy trucks to Sinosynergypower 2022-12-14
- XCMG Presents Its New Energy Products at Fiedays in New Zealand 2022-12-08
- Construction Machinery Trade Fair BAUMA 2022 Opens in Munich, Germany 2022-10-31
- XCMG Names Allison as Exclusive Provider of Transmission for All-Terrain Crane 2022-10-25
China Trucks Advisor
Submit Your Requirements, We Are Always At Your Service.
Hot News
- World’s First All-electric Scania Car Transporter Goes into Service
- China’s First Mining Specialized Remote Sensing Satellite Launched
- SINOTRUK Delivers Full Year 2022 Results, Heavy Truck Sales Down 52.50%
- FOTON and Cummins Team up to Build a New Engine Plant in Thailand
- SANY Awarded as 2022 Forbes China TOP 50 Sustainable DEV Industrial Enterprises
- Daimler Trucks and Buses Signs Deal with XCMG Fire Fighting
- FAW Jiefang Sichuan Branch Was Officially Established
- Bus & Truck Expo Set to be Held in May 2023
- Yutong, SCG Signed MoU for Green Mining in Thailand
- CAT Displays Its First Battery Electric Large Mining Truck
Recommended Brands[more]
Recommended Trucks[more]
China Truck Statistics
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade
- China’s Pickup Exports Jumped 65% YOY in 2022
- China's Truck Exports Grew by 42% YOY to 53,000 Units in November
- Heavy Truck Sales in China Fell by 9% YoY to 46000 Units in Nov.