# XCMG to invest $150 million in manufacturing unit in India

XCMG, a Chinese construction machinery company, will invest $150 million in a new manufacturing unit in India for construction and material-handling machines, partnering with Schwing Stetter India. The factory is expected to be operational by end of 2017.

- Type: New facility
- Announced: 2017-01-12
- Where: near Chennai, India
- Value: $150.0M
- Starts operating: 2017
- Status: announced
- Products: truck cranes, wheel loaders, motor graders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [XCMG](https://endata.com/companies/15137.md)
- [Schwing Stetter India](https://endata.com/companies/3867.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/xcmg-china-to-invest-150-m-in-manufacturing-unit-in-india/article21849066.ece1), 2017-01-12: "Schwing Stetter India has already paved the way for our entry in India."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/xcmg-china-partners-with-schwing-stetter-india-to-set-up-new-manufacturing-facility-with-150-million-investment/articleshow/56522188.cms), 2017-01-13: "Our new facility will now manufacture construction equipment and material handling products, thus enabling us to widen our product range."
- [constructionworld.in](https://www.constructionworld.in/heavy-construction-equipment/XCMG-China-partners-with-Schwing-Stetter-India-to-set-up-new-manufacturing-facility-in-India/17140), 2017-02-01: "XCMG plans to invest $250 mn for the new manufacturing facility in India in the near future."
- [news.global-ce.com](https://news.global-ce.com/n/201702/04/110306.html), 2017-02-04: "XCMG would invest USD150 million to build a new factory of construction machinery in the country."
- [canmaxcn.com](https://www.canmaxcn.com/a/news/2017-3-28/731.html), 2017-03-28: "XCMG would invest USD150 million to build a new factory of construction machinery in the country."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.