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XCMG to Purchase Schwing
China’s Xuzhou Construction Machinery Group, (XCMG), will purchase the world’s leading concrete equipment producer – German Schwing Group Co. Ltd.
XCMG is the largest manufacturer of construction machinery in China with the fullest range of products. Since its founding in 1989, the Group has kept its leading role in the China’s construction machinery industry. And in 2011，its annual revenues reached RMB 87.1 billion with an export of USD 1.08 billion, enabling its leadership in the industry of China. It has 300 dealers in China and more than 120 internationally.
Established in 1934, Schwing is a Germany-based leader in concrete equipment with production bases all over the world including those in the U.S., Austria, India, Brazil, etc. and sales and service centers in such counties as France, the Netherlands, Austria, Czech Republic, Sweden and South Korea. Furthermore, the company boasts a team of business agents in more than 100 countries and its main business includes concrete making plants, concrete mixers, concrete pumps and concrete recycling sites, etc. With its sophisticated technology, the company has a wide range of products and thus is a global provider for the world’s top concrete machinery equipment and transmission scenarios.
Article Date: 2012-04-23
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