XCMG claims it is well positioned to capitalise on demand from the crane sector.
The global crane industry experienced rapid growth before 2005, and a market rebound between 2005 and 2010. Meanwhile, construction projects have encouraged innovation in large-scale hoisting technology, and companies have responded with higher speeds, new crane categories and improved tonnage.From 2010-2012, the demand for cranes reduced due to the tight macro-economic environment both at home and abroad, but the supply capacity increased by nearly two times in the past two years. With intensifying competition, the crane industry has gone through severe challenges in recent years.
Chinese companies are now benefiting from having research facilities in Europe and North America, as well as from new factories in emerging countries established as joint ventures with foreign companies.
This strategy has allowed
In September 2012, a 3600tonne capacity crawler crane rolled off the production line. This followed on from the firm’s earlier 2000tonne crawler crane, which was used earlier this year at a project in Guangzhou. XCMG has also made gains with its 1,000tonne and 800tonne capacity cranes, which have been used on industrial and infrastructure projects in 15 Chinese provinces including Hebei, Shanxi, Tianjin, Fujian, Shandong, Hunan and Jiangsu.
XCMG has had major export success, and in mid-2012 supplied 130 large truck cranes ready for delivery to Lianyungang Port. The QY110K-1 and QY160K models figured largely in this batch, the last of 6,205 machines from XCMG ordered for use in South African construction projects.
Amongst the order XCMG also supplied large cranes with capacities of over 100tonnes for the first time. And XCMG has also recently exported its large crawler cranes, with capacities of over 600tonnes.
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