XCMG Construction Machinery

Activity by year

202120222023202420252026

AcquisitionNew facility

Nov 24, 2021ACQUISITIONChina
XCMG to absorb XCMG Construction Machinery via share issuance
XCMG (000425.SZ) plans to absorb its parent company XCMG Construction Machinery Co., Ltd. by issuing shares to all shareholders. The China Securities Regulatory Commission has accepted the application for review.
XCMG acquirer XCMG Construction Machinery target #Industrial Machinery beta.zhitongcaijing.com
Nov 8, 2021ACQUISITIONChina
XCMG receives state approval to absorb XCMG Construction Machinery
Xuzhou Construction Machinery Group (XCMG) received approval from the Jiangsu State-owned Assets Supervision and Administration Commission to absorb XCMG Construction Machinery Co., Ltd. (Xugong Youxian) via a share issuance. The merger will make Xuzhou Construction Machinery Group the controlling shareholder.
Xuzhou Construction Machinery Group acquirer XCMG Construction Machinery target #Industrial Machinery beta.zhitongcaijing.com
Jan 16, 2021NEW FACILITYFoshan, Guangdong, China$310.0Mops 2021
XCMG to build $310M construction machinery plant in Foshan, China
XCMG Construction Machinery (XCMG Jianji) is building a new intelligent manufacturing base in Foshan, Guangdong province, with an investment of 2 billion yuan (approx. $310 million). The facility will produce tower cranes and construction hoists, with an annual capacity of over 5,000 units and expected annual revenue of 2.5 billion yuan.
XCMG Construction Machinery #Industrial Machinery #Material Handling jsnews.jschina.com.cn