The Global Construction Machinery Industry Conference and Top 50 Summit opened today in Beijing. In the newly released “Top 50 Global Construction Machinery Manufacturers in 2011â€, the sales of Top 50 companies reached US$154.191 billion, an increase of 36% year-on-year, and a net increase in operating profit of 14.538 billion yuan. The operating profit margin was -0.2% compared to 2010. Rebound to 9.28%.
Chinese engineering manufacturing companies XCMG Group, Zoomlion, and Sanyi Group are ranked 7, 8, and 9 respectively. Among them, Xugong Group achieved annual sales of US$5.187 billion, Zoomlion 5.112 billion yuan, and Sany Group 4.949 billion yuan. The list shows that the degree of concentration of China's construction machinery industry has significantly improved over the past, with 7 enterprises above the scale of 10 billion, accounting for more than 80% of the top 50 operating machinery manufacturers in China.
"The integration between even the top 50 companies in the industry will continue." The report released by the meeting states that.
In 2010, under the rapid growth of domestic fixed asset investment, the annual sales of construction machinery increased by nearly 50% year-on-year, ranking first in the entire machinery industry. However, since April of this year, sales of construction machinery products have fallen month by month. Chairman Wang Min of XCMG believes that this fall is related to the country’s economic regulation and is also normal.
Su Zimeng, secretary general of the China Construction Machinery Industry Association, said at the meeting that China’s construction machinery production and sales volume ranks first in the world and can meet nearly 90% of the market demand in mainland China.
Su Zimeng said that China’s construction machinery market has become one of the most open, competitive, and internationalized markets in the world. Today, 39 of the world's top 50 construction machinery manufacturers, of which 37 have entered China, have built a sound business system. Most of these companies also invested in the establishment of manufacturing and R&D bases and continuously improved their layout in China. At present, China has become the strategic focus of these foreign companies' global expansion.
Globally, the current global construction machinery industry sales have exceeded the 200 billion US dollars mark. Whether it is the regional market scale or the overall center of gravity, the global engineering machinery industry is shifting to emerging markets.
Liu Guang, the president of Liugong, believes that in the European and American markets, the share of Chinese engineering companies is not high, so the weakness of the European and American economies has little effect on Chinese companies. At the same time, the markets in countries such as Brazil, India, and Russia still maintain their upward momentum.
Chinese engineering manufacturing companies XCMG Group, Zoomlion, and Sanyi Group are ranked 7, 8, and 9 respectively. Among them, Xugong Group achieved annual sales of US$5.187 billion, Zoomlion 5.112 billion yuan, and Sany Group 4.949 billion yuan. The list shows that the degree of concentration of China's construction machinery industry has significantly improved over the past, with 7 enterprises above the scale of 10 billion, accounting for more than 80% of the top 50 operating machinery manufacturers in China.
"The integration between even the top 50 companies in the industry will continue." The report released by the meeting states that.
In 2010, under the rapid growth of domestic fixed asset investment, the annual sales of construction machinery increased by nearly 50% year-on-year, ranking first in the entire machinery industry. However, since April of this year, sales of construction machinery products have fallen month by month. Chairman Wang Min of XCMG believes that this fall is related to the country’s economic regulation and is also normal.
Su Zimeng, secretary general of the China Construction Machinery Industry Association, said at the meeting that China’s construction machinery production and sales volume ranks first in the world and can meet nearly 90% of the market demand in mainland China.
Su Zimeng said that China’s construction machinery market has become one of the most open, competitive, and internationalized markets in the world. Today, 39 of the world's top 50 construction machinery manufacturers, of which 37 have entered China, have built a sound business system. Most of these companies also invested in the establishment of manufacturing and R&D bases and continuously improved their layout in China. At present, China has become the strategic focus of these foreign companies' global expansion.
Globally, the current global construction machinery industry sales have exceeded the 200 billion US dollars mark. Whether it is the regional market scale or the overall center of gravity, the global engineering machinery industry is shifting to emerging markets.
Liu Guang, the president of Liugong, believes that in the European and American markets, the share of Chinese engineering companies is not high, so the weakness of the European and American economies has little effect on Chinese companies. At the same time, the markets in countries such as Brazil, India, and Russia still maintain their upward momentum.
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