Chinese construction machinery manufacturer XCMG recently exported 972 units of construction machinery products to customers in South America via COSCO Shipping from Lianyungang, China. XCMG's batch delivery included excavators, loaders, graders, and others, were loaded in 935 containers, marking the single largest overseas shipment for the company in five years.
"The delivery event in partnership with COSCO Shipping is of great significance for XCMG and our partners,” said Lu Chuan, president of XCMG. “We overcame the huge difficulty of supply chain maintenance during the COVID-19 pandemic situation, and enhanced global customer confidence."
XCMG and COSCO Shipping have formed a powerful alliance since XCMG won the bid for a major project in South America in early 2021 but then faced the enormous challenge of delivering all products within a short period of time during the pandemic as the global supply chain and sea freight logistics capacity was significantly restricted. COSCO Shipping acted quickly to allocate resources and customized a solution plan for XCMG to solve the container transportation issues to ensure timely and orderly shipping.
By the end of the first half of 2021, XCMG's export volume increased by 70 percent year over year. Its products are now sold in 187 countries and regions worldwide, including 97 percent of Belt and Road Initiative countries, and XCMG now holds the highest export market share in 30 countries.
The XCMG-Venezuela V58 project in 2011, which totaled U.S. $744.6 million has been the largest export order of Chinese construction machinery to date, XCMG said. The Venezuelan government issued a benefit plan of 2 million houses to solve living problems for residents, which required a large quantity of construction machinery equipment. With comprehensive product lineups, reliable quality and leading manufacturing and service capabilities, XCMG signed the largest export order of 6,025 units of equipment.
Forming strong alliances with relevant government departments, enterprises, financial institutions and organizations has enabled XCMG to build strategic collaboration platforms overseas and provide stronger product and service support, bringing more value and win-wins for all parties.
In the last two years, China Railway Transportation Logistics, also one of XCMG's global partners, helped to deliver more than 1,000 high cube shipping containers with XCMG's machinery products to European countries via the China-Europe Railway Express.
XCMG, based in Xuzhou, China, with an annual revenue of $15.1 billion, is currently ranked No. 3 in KHL’s annual ranking of the world’s 50 largest construction equipment manufacturers. Visit www.xcmg.com.
