XCMG

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Xuzhou Construction Machinery Group Co., Ltd. (Chinese: 徐工集团; pinyin: Xúgōng Jítuán), commonly known as XCMG Group, is a Chinese state-owned multinational manufacturer of construction and heavy machinery headquartered in Xuzhou, Jiangsu, China. It is one of the world’s largest construction equipment producers and a flagship enterprise in China’s machinery manufacturing sector. As of 2021, XCMG ranked first in China’s construction machinery industry and third globally. It also placed fourth among China’s top 100 machinery enterprises and 376th in the World’s 500 Most Influential Brands published by World Brand Lab. XCMG’s principal operating subsidiary, XCMG Construction Machinery Co., Ltd., has been publicly listed on the Shenzhen Stock Exchange since 1996. The group’s products are sold in more than 180 countries and regions worldwide, reaching approximately 97% of countries participating in the Belt and Road Initiative. XCMG operates more than 20 manufacturing bases in China, an overseas headquarters in Davao City, the Philippines, over 300 overseas distributors, more than 2,000 service centers, approximately 40 overseas offices, and over 30 overseas branches. In addition to its domestic operations, XCMG maintains research and development centers, manufacturing facilities, and CKD/KD assembly plants in more than 10 countries, including Germany, the United States, Brazil, and India. Through overseas acquisitions, the group has expanded its international footprint, including the acquisition of European manufacturers such as Schwing.