XCMG Secures Over CNY 10 Billion in Contracts at bauma China 2024

December 06, 2024 06:29 PM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Driving Sustainability, Innovation, and Global Collaboration

SHANGHAI, Dec. 6, 2024 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE: 000425), the leading Chinese construction machinery manufacturer, announced signing contracts exceeding CNY 10 billion at the recently concluded bauma China 2024. These agreements span zero-emission and intelligent mining equipment, new energy manufacturing, and high-capacity cranes, underscoring XCMG's commitment to sustainable, intelligent industrial solutions.

XCMG Secures Over CNY 10 Billion in Contracts at bauma China 2024.
XCMG Secures Over CNY 10 Billion in Contracts at bauma China 2024.

Among the standout deals are:

  • In a historic deal valued at CNY 3 billion, XCMG signed a green mining equipment contract with Fortescue Group, one of the world's largest iron ore producers from Western Australia. Under the agreement, XCMG will supply over 100 zero-emission heavy mobile units by 2030, including electric wheel loaders, dozers, and graders, to align with Fortescue's goal of achieving zero emissions across its Australian iron ore operations by 2030. The first batch of equipment is expected to enter service by 2026, reducing millions of liters of fossil fuel consumption over its lifecycle.
  • XCMG inked a strategic agreement with Tsingshan Holding Group to establish XCMG-Tsingshan's new energy equipment manufacturing plant in Indonesia. This factory, XCMG's first major production site in Southeast Asia, marks a milestone for the region as the first facility specializing in new energy equipment.
  • XCMG finalized the bulk delivery to China of wheel and crawler cranes worth over CNY 200 million, including:
    • XCA4000, the world's largest all-terrain crane.
    • XCA2000, known for its versatility in wind power projects.
    • XLC18000M and XLC17000, innovative crawler cranes for wind turbine installation.

With these agreements, XCMG solidifies its position as a trailblazer in sustainable construction and mining equipment, driving progress in global markets while fostering long-term growth and innovation.

Showcasing 40+ electric and hybrid machines, 42% of its total exhibited excavators, cranes, graders, mining machines, road equipment, and road machines, XCMG reinforced its leadership in clean energy solutions. Notable global debuts included:

  • XC9108EV, the world's largest pure electric loader.
  • GR350EP, the world's first electric mining grader.
  • XCT100G5-1HEV, a 100-ton hybrid crane.
  • XE650GK-HEV, a hybrid hydraulic excavator tailored for mining.

At bauma China, Visitors were captivated by XCMG's display of equipment featured in the blockbuster film The Wandering Earth II, including the ET120 walking excavator, which performed live demonstrations of complex maneuvers like obstacle navigation and precise positioning. This integration of cinematic innovation and engineering excellence highlighted XCMG's futuristic vision.

"As a leading manufacturer with a proud 81-year history, XCMG has forged a strong partnership with bauma China since 1992," said Yang Dongsheng, Chairman of XCMG Machinery and XCMG Group. "Over the years, this global platform has been a testament to our enduring commitment to innovation and collaboration, allowing us to work hand in hand with global partners through both challenges and triumphs, achieving mutual success."

Showcasing its commitment to innovation and collaboration, XCMG introduces the XCMG TrueCare global service brand and the Plan WIN-win public welfare and environmental initiative at the show, working alongside global partners to drive shared success through improved products and services.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.