LIANYUNGANG, China, July 20, 2021 / CNW / – Leading construction machinery manufacturer XCMG (000425.SZ) sends 972 units of construction machinery products to customers in South America via COSCO Shipping on July 20 by Lianyungang, China. XCMG’s batch deliveries including excavators, loaders, graders, among others, were loaded into 935 containers, marking the largest overseas shipment in five years and the second since the V58 project in 2011.
“The delivery event in partnership with COSCO Shipping is of great importance to XCMG and our partners. We overcame the enormous difficulty of maintaining the supply chain during the COVID-19 pandemic and built the confidence of global customers, ”said Lu Chuan, president of XCMG.
XCMG and COSCO Shipping have formed a powerful alliance since XCMG won the tender for a major project in South America early 2021, but then faced the enormous challenge of delivering all products in a short period of time during the pandemic, as the global supply chain and logistics capacity of sea freight was severely constrained. COSCO Shipping acted quickly to allocate resources and customized a solution plan for XCMG to resolve container shipping issues to ensure prompt and orderly shipping.
At the end of the first half of 2021, XCMG’s export volume grew 70% year-on-year. Its products are now sold in 187 countries and regions around the world, 97 percent of which are Belt and Road Initiative countries, and XCMG now has the highest export market share in 30 countries.
The XCMG-Venezuela V58 project in 2011 which totaled $ 744.6 million was the largest export order for Chinese construction machinery to date. The Venezuelan government released a 2 million home benefit plan to address the living problems of residents, which required a large number of construction machinery equipment. With comprehensive product lines, reliable quality, and industry-leading manufacturing and service capabilities, XCMG signed the largest export order of 6,025 units of equipment.
Forming strong alliances with relevant ministries, companies, financial institutions and organizations has enabled XCMG to create strategic collaboration platforms overseas and provide stronger product and service support, bringing more value and win-win for all parties.
Over the past two years, China Railway Transportation Logistics (“CRTL”), also one of XCMG’s global partners, has helped deliver over 1,000 large capacity shipping containers with XCMG machinery products to European countries via the China-Europe Railway Express. Adapted to CargoBeamer’s intermodal transport technology, CRTL helps reduce time costs on bogie change while crossing borders from China at Europe.
Through deepening cooperation, XCMG and its global allies can expand their product lines, value chains and global reach by opening up new markets and sharing beneficial resources to create an ininnovative and sustainable platform for the entire value chain.
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