Three leading Chinese construction machinery makers see overseas sales surge in 2021
Photo shows robots working at a plant of Sany Heavy Industry in Changsha, central China's Hunan Province, Feb. 20, 2020. (Xinhua/Chen Zeguo)
Chinese-made engineering machineries in overseas markets might have helped maintain the stability of the global supply chain, as three A-share listing Chinese construction machinery manufacturing leaders posted handsome overseas sales results in 2021, reported Chinanews.com Wednesday.
The Chinese engineering machinery manufacturing trio made the overseas sales results available in their respective annual report for 2021.
According to the reports, Sany Heavy Industry, China's largest construction machinery manufacturer, achieved revenue of 24.846 billion yuan from the international business of excavation machinery in 2021, a surge of 76.16 percent over the same period of the previous year. Among them, Sany's surge in sales achieved in more than 50 overseas countries and regions in 2021 further reflects the significant progress it has made in overseas business.
At the same time, Xuzhou Construction Machinery Group Co., Ltd. (XCMG) saw a surge of 111.81 percent in its overseas business revenue of lifting machinery in 2021, demonstrating the rapid growth of Chinese-made construction machinery in the global market.
Zoomlion Heavy Industry Service & Technology Co., Ltd., another Chinese giant in this industry, witnessed a year-on-year growth of 51.05 percent in overseas business revenue of lifting machinery last year, and the company's business has covered 87 Belt and Road (B&R) countries and regions.
The industry insider holds that benefiting from the recovery of the world economy and the strong international market demand, China's construction machinery overseas market business has bucked the trend and is firmly in the forefront of the world. It is noted that in 2021, the export value of China's construction machinery products hiked by 62.78 percent year-on-year to 34 billion U.S. dollars.