80 years of development has delivered XCMG to the point where it is developing some of the largest capacity cranes seen globally, calling on all of its experience to create these products.
XCMG began its life in 1943 as Huaxing Iron Works, growing from scratch to a position in the 1950s where the company was able to branch out into the machinery sector.
The 1950s saw the three main machine factories gather in Xuzhou dedicating themselves to producing agricultural machinery, industrial machine tools and basic parts. At the end of the 1950s, the number three factory began to shift from agricultural machinery to construction machinery production.
In 1957, the heavy-duty plant trial-produced the first tower crane, which began XCMG’s involvement in the construction machinery industry.
In the 1970s and 1980s, XCMG made breakthroughs in truck crane hydraulic transmission technology and special chassis technology and began producing five to 50 tonne truck cranes and the special chassis needed in these machines.
By the end of the 1980s, XCMG was exporting machines to over 20 countries – becoming one of the first Chinese construction machinery companies to export abroad.
In 1989 the company as it stands today was created under the XCMG banner focussed on brand development and furthering the company’s ability to export parts and machinery internationally.
In 1992 the company attended bauma for the first time, marking an exciting foray for XCMG into the European market and announcing itself as a major player in the machinery space.
In 1999 XCMG made its final transformation into the company we see today, with a focus on high value, high technology, high reliability and large tonnage machines to be exported around the world.
XCMG has gone through profound changes – going from the ‘golden decade’, to the ‘medium speed era’ and now finding itself in an era of high-quality products where it has produced the largest tonnage all-terrain crane ever created.
XCMG placed a focus on improving its manufacturing facilities with increased investment, with the company becoming the first group in China’s construction machinery industry with operating and sales revenue exceeding A$2.15 billion.
In 2012 XCMG expanded to within Europe by acquiring two high end hydraulic component companies, AMAC in the Netherlands and FT in Germany. Overseas R&D centres have been established in Europe, the United States and Brazil.
In 2022 XCMG’s operating income will exceed A$21 billion for the third year in a row. This improving financial position has seen XCMG rank third in the global construction machinery ranking for two consecutive years.
XCMG continues to innovate and this has been demonstrated by its development of the largest crawler crane, with 4000 tonnes of capacity and the largest all-terrain with a 2600 tonne capacity.
Growing the capacity of the cranes is not the only development made by XCMG with the crane, improving its hybrid offering with the XCMG XCT25_EV truck crane.
From its humble beginnings, XCMG has grown to be one of the largest players in not just the crane sector but machinery generally. Exporting to 191 countries, the company is globally recognised for its quality and development among its partners worldwide.