XCMG Group, formerly known as Huaxing Iron Factory founded in 1943, was established as a group in 1989. It is the foundation, pioneer, and leader of China's construction machinery industry, and a leading enterprise with global competitiveness and influence worth billions of yuan in the construction machinery industry. The company's main indicators have consistently ranked first in China's construction machinery industry, third in the world's construction machinery industry for three consecutive years, and among the "Fortune Global 500 Brands" for four consecutive years.
The company's business scope includes engineering machinery, mining machinery, agricultural machinery, sanitation machinery, emergency animal husbandry aid equipment, commercial vehicles, and modern service products, which are exported to more than 190 countries and regions, covering more than 95% of the countries and regions along the "the Belt and Road", with annual total exports and overseas revenue
Leading the industry in China.
In 2017, General Secretary Xi Jinping made a preliminary inspection of XCMG Group and urged the company to "have a glorious history and a better future. In 2023, General Secretary Xi Jinping fully affirmed that XCMG's engineering machinery has reached the world's leading level". He earnestly urged the company to "further improve and move towards the middle and high end, and high-quality development should be reflected here".
XCMG Group is undergoing a transformation and upgrading towards high-end, intelligent, green, service-oriented, and international industries, accelerating the construction of a world-class modern enterprise and climbing the peak of the global equipment manufacturing industry.