History

1943-1988 TOUGH TIMES
1989-1998 EXPLORATION
1999-NOW REFORM
1943-1988
TOUGH TIMES

The pacesetter walked arduously but steadily against all odds and assisted the motherland in overcoming difficulties with his self-reliance, courage, and wisdom. 

XCMG has shouldered the mission of leading the rapid development of China's industrial machinery industry.

  • 1943

    In 1943, XCMG's predecessor, the Huaxing Iron Factory (The Eighth Route Army Lunan 8th Arsenal), was founded.

    <p>In 1943, XCMG's predecessor, the Huaxing Iron Factory (The Eighth Route Army Lunan 8th Arsenal), was founded.</p>
  • 1957

    In 1957, XCMG successfully completed the trial production of its first tower crane, marking the company's first step into the construction machinery industry.  


    <p>In 1957, XCMG successfully completed the trial production of its first tower crane, marking the company's first step into the construction machinery industry.  </p><p><br/></p>
  • 1960

    In 1960, XCMG successfully developed China’s first 10t steam roller. 

    <p>In 1960, XCMG successfully developed China’s first 10t steam roller. </p>
  • 1963

    In 1963, XCMG successfully developed China’s first 5t crane truck.

    <p>In 1963, XCMG successfully developed China’s first 5t crane truck.</p>
  • 1976

    In 1976, XCMG successfully developed China’s first QY16t full-hydraulic crane truck.

    <p>In 1976, XCMG successfully developed China’s first QY16t full-hydraulic crane truck.</p>
  • 1982

    In 1982, XCMG successfully developed China’s first CA25 full-hydraulic single-drive single-wheel vibratory roller.

    <p>In 1982, XCMG successfully developed China’s first CA25 full-hydraulic single-drive single-wheel vibratory roller.</p>
1989-1998
EXPLORATION

XCMG is a courageous explorer and pioneer of reforms and has become a cornerstone of China's reform and opening up. By sticking to its core values of “Taking Responsibility, Acting Morally, and Achieving Greatness”, XCMG shows its strength and splendor in the international arena.

  • 1989

    XCMG was officially founded in 1989 and was the industry’s first corporate group.


    <p>XCMG was officially founded in 1989 and was the industry’s first corporate group.</p><p><br/></p>
  • 1989

    That year, XCMG successfully developed China’s first high-grade asphalt paver.

    <p>That year, XCMG successfully developed China’s first high-grade asphalt paver.</p>
  • 1995

    In 1995, XCMG successfully developed a 160t all-terrain crane, which was Asia's largest.


    <p>In 1995, XCMG successfully developed a 160t all-terrain crane, which was Asia's largest.</p><p><br/></p>
  • 1996

    In 1996, XCMG was listed on the Shenzhen Stock Exchange.

    <p>In 1996, XCMG was listed on the Shenzhen Stock Exchange.</p>
1999-NOW
REFORM
  • 1999

    In 1999, a new leadership team took over XCMG and implemented the “Seven Special Governance Items” to strengthen discipline and curb waste, which heralded a new chapter in XCMG's development.

    <p>In 1999, a new leadership team took over XCMG and implemented the “Seven Special Governance Items” to strengthen discipline and curb waste, which heralded a new chapter in XCMG's development.</p>
  • 2000

    In 2000, XCMG deepened reforms in the areas of employment, personnel, and wages and pushed ahead with a series of reform measures, including a debt-to-equity swap, refocus on primary business, and structural optimization.

    <p>In 2000, XCMG deepened reforms in the areas of employment, personnel, and wages and pushed ahead with a series of reform measures, including a debt-to-equity swap, refocus on primary business, and structural optimization.</p>
  • 2000

    XCMG pressed ahead with the “Chairman's No. 1 Program,” and successfully developed the ZL50G, an iconic third-generation Chinese loader.

    <p>XCMG pressed ahead with the “Chairman's No. 1 Program,” and successfully developed the ZL50G, an iconic third-generation Chinese loader.</p>
  • 2002

    In 2002, XCMG successfully developed the first Chinese developed all-terrain crane, the QAY25.

    <p>In 2002, XCMG successfully developed the first Chinese developed all-terrain crane, the QAY25.</p>
  • 2003

    In 2003, XCMG became the leading Chinese construction machinery company with operating revenue and sales revenue both in excess of RMB 10 billion.

    <p>In 2003, XCMG became the leading Chinese construction machinery company with operating revenue and sales revenue both in excess of RMB 10 billion.</p>
  • 2006

    In 2006, the foundations were laid for XCMG's Chongqing Construction Machinery Base, marking a crucial step in achieving XCMG's strategic domestic and overseas layout.

    <p>In 2006, the foundations were laid for XCMG's Chongqing Construction Machinery Base, marking a crucial step in achieving XCMG's strategic domestic and overseas layout.</p>
  • 2009

    In 2009, XCMG listed on the stock exchange, which helped it out of the strategic difficulties it had faced over the previous four years due to a restructuring as a result of cooperation with Carlyle Group.

    <p>In 2009, XCMG listed on the stock exchange, which helped it out of the strategic difficulties it had faced over the previous four years due to a restructuring as a result of cooperation with Carlyle Group.</p>
  • 2011

    In 2011, XCMG‘s ET110 walking mountain excavator received second prize in the National Award for Progress in Science and Technology.

    <p>In 2011, XCMG‘s ET110 walking mountain excavator received second prize in the National Award for Progress in Science and Technology.</p>
  • 2011

    XCMG launched the “Hanfeng Program” reform campaign in order to establish a control model for strategic operations management as well as a five-sector platform.

    <p>XCMG launched the “Hanfeng Program” reform campaign in order to establish a control model for strategic operations management as well as a five-sector platform.</p>
  • 2011

    That year, XCMG was named one of the top five construction machinery manufacturers in the world.

    <p>That year, XCMG was named one of the top five construction machinery manufacturers in the world.</p>
  • 2012

    In 2012, XCMG successfully developed the world's largest tonnage all-terrain crane, the XCA5000, which featured the most advanced technical components.

    <p>In 2012, XCMG successfully developed the world's largest tonnage all-terrain crane, the XCA5000, which featured the most advanced technical components.</p>
  • 2012

    In addition, the largest mining dump truck in the world, the DE400, successfully rolled off the production line at XCMG.

    <p>In addition, the largest mining dump truck in the world, the DE400, successfully rolled off the production line at XCMG.</p>
  • 2012

    XCMG ranked top in the world mobile crane industry.

    <p>XCMG ranked top in the world mobile crane industry.</p>
  • 2012

    XCMG purchased German company Schwing, a leader in the global concrete machinery industry.

    <p>XCMG purchased German company Schwing, a leader in the global concrete machinery industry.</p>
  • 2012

    XCMG simultaneously opened four large industrial bases were put into running simultaneously and became an international leader in advanced lean manufacturing capabilities.

    <p>XCMG simultaneously opened four large industrial bases were put into running simultaneously and became an international leader in advanced lean manufacturing capabilities.</p>
  • 2012

    Jiangsu Xuzhou Construction Machinery Research Institute was founded with total investment of RMB 1 billion so XCMG could gradually build a global R&D system.

    <p>Jiangsu Xuzhou Construction Machinery Research Institute was founded with total investment of RMB 1 billion so XCMG could gradually build a global R&D system.</p>
  • 2012

    XCMG became the first company in the industry to achieve operating revenue of over RMB 100 billion.

    <p>XCMG became the first company in the industry to achieve operating revenue of over RMB 100 billion.</p>
  • 2013

    In 2013, XCMG’s independently developed 4,000t crawler crane, reputed as “The World No.1 Crane,” successfully completed its first lifting operation.

    <p>In 2013, XCMG’s independently developed 4,000t crawler crane, reputed as “The World No.1 Crane,” successfully completed its first lifting operation.</p>
  • 2013

    The XCMG Europe Research Center was founded in Dusseldorf, Germany, bringing together high-end technical talent from all over the world.

    <p>The XCMG Europe Research Center was founded in Dusseldorf, Germany, bringing together high-end technical talent from all over the world.</p>
  • 2014

    In 2014, the XCMG Brazil Production Base, the company's first overseas wholly-funded production base, was completed and put into operation.

    <p>In 2014, the XCMG Brazil Production Base, the company's first overseas wholly-funded production base, was completed and put into operation.</p>