XCMG Xuzhou Construction Machinery Group

XCMG Xuzhou Construction Machinery Group announced an investment in Mexico to establish a new production plant in Monterrey, Nuevo León. The first phase is over $10 million, with a second phase of $40 million planned for 2023. The plant will create 235 jobs and produce scissor lifts for the North American market, with full production expected by end of 2022.