XCMG, the Chinese construction equipment manufacturer, has held a ground-breaking ceremony for its manufacturing base in Pouso Alegre, Minas Gerais, Brazil. Covering an area of 800,000m² and with the total investment of US$200 million, the production facility will boast a production capability of 7,000 construction machines each year, including cranes, excavators, loaders, road rollers and graders. The Brazil manufacturing base is XCMG’s first wholly-owned production base project in its internationalisation
Covering an area of 800,000m² and with the total investment of US$200 million, the production facility will boast a production capability of 7,000 construction machines each year, including cranes, excavators, loaders, road rollers and graders.
The Brazil manufacturing base is XCMG’s first wholly-owned production base project in its internationalisation programme.
Completion of the base is scheduled for later this year, and sales revenue is expected to reach $500 million in 2015.
According to Wang Min, chairman of XCMG Group, Brazil and the Americas are the priorities in its international expansion because it is the world’s sixth largest economy with enormous potential for development and huge opportunity for great construction projects, and XCMG has a marketing and service network which has been built for many years.
