Chinese machinery giant delivers massive export order

0 Comment(s)Print E-mail Xinhua, July 24, 2021
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Xuzhou Construction Machinery Group Co., Ltd. (XCMG), a leading Chinese machinery manufacturer, is having 972 units of construction equipment shipped to South America, the company said Friday.

According to XCMG, the delivery that includes excavators and loaders marked China's largest single machinery export order in the past five years, which will contribute to the stability of the global supply chain during the COVID-19 pandemic.

Due to the restricted sea freight logistics capacity during the pandemic, XCMG has cooperated with Chinese shipping giant COSCO Shipping since it won the bid for a major project in South America in early 2021.

"We do not depend on ourselves alone in the international market, but rely on the deep integration of supply chain, industrial chain and value chain," said Lu Chuan, president of XCMG, adding that XCMG's export volume increased by 70 percent year on year in the first half of this year.

XCMG now exports products to 187 countries and regions worldwide, covering 97 percent of countries taking part in the Belt and Road Initiative.

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