KHL Group: China's XCMG one of 10 biggest construction-equipment makers

Chinese construction equipment manufacturer XCMG placed in the top 10 in the most recent Yellow Table, which ranks the world's 50 largest construction-equipment manufacturers.

The list, compiled by global construction information supplier KHL Group, appears in the 2015 issue of International Construction. XCMG's 2014 construction-equipment sales revenue was estimated at $6.15 billion, a 3.9 percent share of total global sales, the Yellow Table said.

"XCMG has risen three places, an outstanding performance that reflects our extensive R&D input and technical strength," Wang Min, XCMG's president, said. "Our R&D strategy is to develop products that are internationally competitive and improve our disruptive innovation capacity."

XCMG cites products such as the XGC88000, the largest crawler crane in the world, and its large elevating platform fire trucks, the DG100 and DG88.

"Our goals in R&D input are to foster a culture of innovation at XCMG and influence the Chinese construction equipment industry," Min said. "This is the only way we can maintain our strong sales revenue momentum in challenging market conditions and grow into a real innovative enterprise."

In the future, XCMG plans to add new production lines, including sanitation equipment, mining machinery, port machinery and agricultural machinery.

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