Nearly 130 original equipment manufacturers and their supply Chinese supply chain component makers were represented – the most at any previous CONEXPO/CONAGG event. OEMs included XCMG, Sany, Zoomlion, Shantui, Sunward, LiuGong and SDLG.
May 5, 2017
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China’s contingent at CONEXPO-CON/AGG 2017: bottoms up to an improving global economy
Nearly 130 original equipment manufacturers and their Chinese supply chain component makers were represented – the most at any previous CONEXPO/CONAGG event. OEMs included 2490 XCMG, 1170 Sany, 1175 Zoomlion, 1171 Shantui, 1173 Sunward, 269 LiuGong and 5316 SDLG.
Nick Yaksich, senior vice-president of 676 AEM – the US’s Association of Equipment Manufacturers and which organised the event - said the large Chinese contingent at 3485 CONEXPO-CONAGG “gives us a deeper understanding” of the dynamics, brands and technologies of Chinese Construction Machinery. “These products have gained a growing international acceptance on performance and quality. I hope this kind of communication can strengthen technological exchanges and cooperation and promote the further development of the construction machinery industry,” he said.
Zhang Yujing, president of China Chamber of Commerce for Import and Export of Machinery and Electronic Products – which organised a panel discussion of senior Chinese corporate executives - said China’s representation at the event was crucial at a time of global economic upturn.
“The world economy has emerged from a downward trend lasting several years and stabilised,” he said. “Conditions are right now for the world’s construction equipment sector to grow again. Drivers for this include US president Donald Trump’s policy of increasing investment in infrastructure. This is a good message for the entire construction machinery industry. Also, China’s Belt and Road initiative is requiring a large amount of construction equipment. China's rapid development has turned it into the world's largest construction machinery market,” said Zhang.
Qi Ju, president of 2735 China Construction Machinery Association, noted that revenues from overseas business and exports make up more than 25% of the Chinese construction machinery industry’s total revenue. He said the Chinese construction machinery industry has gained competitive advantage thanks to “systemised specifications, diversified models, large-scale production and a high standard quality over the past 30 years” and in particular the past decade.
“The whole industry has profound R&D systems at work, complete supply chains and a multitude of testing platforms, all of which ensures that our construction machinery products meet the highest requirements of clients around the world,” said Qi.
