XCMG

Iridium Provides Global Connectivity for XCMG Heavy Equipment

Retrieved on: 
Wednesday, September 6, 2023

MCLEAN, Va., Sept. 6, 2023 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, announced today that Xuzhou Construction Machinery Group (XCMG), a leading global heavy original equipment manufacturer (OEM), will deploy Iridium® IoT services on its global fleet of heavy equipment, starting with excavators and expanding to loaders and crane trucks as needed.

Key Points: 
  • MCLEAN, Va., Sept. 6, 2023 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, announced today that Xuzhou Construction Machinery Group (XCMG), a leading global heavy original equipment manufacturer (OEM), will deploy Iridium® IoT services on its global fleet of heavy equipment, starting with excavators and expanding to loaders and crane trucks as needed.
  • XCMG will utilize Iridium's global network to maintain critical connectivity with their heavy equipment in key strategic locations including Australia, Southeast Asia, Latin America, Africa, and Central Asia.
  • XCMG has chosen Iridium Edge® , a cost-effective, plug-and-play satellite IoT terminal, as it complements terrestrial-based solutions to create a highly reliable connectivity experience worldwide and simplifies implementing Iridium IoT services on their fleet.
  • "As a world class OEM, XCMG continues to demonstrate their forward-thinking approach and innovation in the heavy equipment industry," said Matt Desch, CEO, Iridium.

XCMG Machinery Officially Launches Its Saudi Arabia Subsidiary Company

Retrieved on: 
Wednesday, August 30, 2023

RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ -- Leading construction machinery manufacturer XCMG Machinery ("XCMG", SHE:000425) has officially launched its Saudi Arabia subsidiary company in Riyadh, to anchor the establishment of a more comprehensive sales and service network locally and further boost the integration into Saudi Arabia's development.

Key Points: 
  • Further Enhance XCMG's Service Capacity on After-Sale, Buyback Options, Maintenance and Repair, and Spare Parts Warehousing in the Middle East
    RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ -- Leading construction machinery manufacturer XCMG Machinery ("XCMG", SHE:000425) has officially launched its Saudi Arabia subsidiary company in Riyadh, to anchor the establishment of a more comprehensive sales and service network locally and further boost the integration into Saudi Arabia's development.
  • The Saudi subsidiary offers a range of services including after-sales support, spare parts warehousing, buyback options, and maintenance and repair services to local customers.
  • "In recent years, Chinese enterprises like XCMG have actively participated in the economic development and construction of Saudi Arabia and Middle East countries, and XCMG has also become a bridge and link to deepen the friendship between the two peoples," remarked Saleh Ali Khabti.
  • With the opening of the Saudi Arabia subsidiary, XCMG will further expand its regional operation layout and promote the green, low-carbon transformation of product development to take full advantage of the integrated industrial chain, joining hands with local partners to achieve win-win development, while taking part in opening new chapter of China-Saudi Arabia cooperation.

Oman Construction Equipment Market Assessment & Forecast Report 2023-2029: Oman Investment Authority (OIA)'s Investments of $4.95 Billion to Propel Demand - ResearchAndMarkets.com

Retrieved on: 
Monday, August 28, 2023

The "Oman Construction Equipment Market - Strategic Assessment & Forecast 2023-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oman Construction Equipment Market - Strategic Assessment & Forecast 2023-2029" report has been added to ResearchAndMarkets.com's offering.
  • Earthmoving equipment accounted for the largest market share in the Oman construction equipment market in 2022.
  • Caterpillar, Volvo CE, Komatsu, Liebherr, Hitachi Construction Equipment, and XCMG are leaders in the Oman construction equipment market.
  • Falling oil prices may drive Oman to curtail or postpone government investment, restricting the construction industry's expansion and resulting in lower demand for construction equipment.

XCMG Machinery Empowers Full-Cycle Mining Operations with Advanced Workplace Technology

Retrieved on: 
Friday, August 25, 2023

XUZHOU, China, Aug. 25, 2023 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE: 000425) is leading the next revolution of mining machinery development with cutting-edge equipment products and advanced workplace technology. On July 23, CUMT Nanhu, China's first mining satellite jointly designed and developed by XCMG, the China University of Mining and Technology, and Skysight, was successfully launched at the Taiyuan Satellite Launch Center.

Key Points: 
  • XCMG Machinery Participated in the Full Design and Development Process of China's First Mining Satellite, Lately Has Been Launched
    XUZHOU, China, Aug. 25, 2023 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE: 000425) is leading the next revolution of mining machinery development with cutting-edge equipment products and advanced workplace technology.
  • On July 23, CUMT Nanhu, China's first mining satellite jointly designed and developed by XCMG, the China University of Mining and Technology, and Skysight, was successfully launched at the Taiyuan Satellite Launch Center.
  • XCMG has participated in the full design and development process of CUMT Nanhu and will be one of its future users.
  • "XCMG Mining Machinery focuses on the application of information technologies, including the Internet of Vehicles, the Internet of Things, cloud computing, and big data.

XCMG Machinery Empowers Full-Cycle Mining Operations with Advanced Workplace Technology

Retrieved on: 
Friday, August 25, 2023

XUZHOU, China, Aug. 25, 2023 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE: 000425) is leading the next revolution of mining machinery development with cutting-edge equipment products and advanced workplace technology. On July 23, CUMT Nanhu, China's first mining satellite jointly designed and developed by XCMG, the China University of Mining and Technology, and Skysight, was successfully launched at the Taiyuan Satellite Launch Center.

Key Points: 
  • XCMG Machinery Participated in the Full Design and Development Process of China's First Mining Satellite, Lately Has Been Launched
    XUZHOU, China, Aug. 25, 2023 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE: 000425) is leading the next revolution of mining machinery development with cutting-edge equipment products and advanced workplace technology.
  • On July 23, CUMT Nanhu, China's first mining satellite jointly designed and developed by XCMG, the China University of Mining and Technology, and Skysight, was successfully launched at the Taiyuan Satellite Launch Center.
  • XCMG has participated in the full design and development process of CUMT Nanhu and will be one of its future users.
  • "XCMG Mining Machinery focuses on the application of information technologies, including the Internet of Vehicles, the Internet of Things, cloud computing, and big data.

Kuwait Construction Equipment Market Report 2023: Strategic Assessment & Forecasts 2022-2029 - The Vision National Development Plan and Investments in Public Infrastructure to Propel Market Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 24, 2023

The Kuwait construction equipment market is expected to grow at a CAGR of 4.15% from 2022 to 2029.

Key Points: 
  • The Kuwait construction equipment market is expected to grow at a CAGR of 4.15% from 2022 to 2029.
  • Earthmoving equipment accounted for the largest Kuwait construction equipment market share in 2022.
  • The project is estimated to be completed by the end of 2026 and is estimated to contribute to the Kuwait construction equipment market growth.
  • Caterpillar, Volvo CE, Komatsu, Liebherr, Hitachi Construction Equipment, XCMG, and Zoomlion are leaders in the Kuwait construction equipment market.

Strengthening Innovation and High-Quality Development, XCMG Machinery Ranks Highest Among All Chinese Construction Machinery Companies on the 2023 Fortune China 500

Retrieved on: 
Friday, August 4, 2023

XUZHOU, China, Aug. 4, 2023 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE:000425) ranks 212th in the 2023 Fortune China 500 List released by Fortune China on July 25 in Beijing, the highest among all Chinese construction machinery companies, with a total revenue of USD 13,946.8 million and a profit of USD 640.3 million in the fiscal year of 2022.

Key Points: 
  • XUZHOU, China, Aug. 4, 2023 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE:000425) ranks 212th in the 2023 Fortune China 500 List released by Fortune China on July 25 in Beijing, the highest among all Chinese construction machinery companies, with a total revenue of USD 13,946.8 million and a profit of USD 640.3 million in the fiscal year of 2022.
  • As a globally leading provider of construction machinery and sustainable development solutions, XCMG now exports to 191 countries and regions, with a market share increase of 2.42 percent.
  • XCMG is pivoting through an economic downturn that is affecting the industry by prioritizing technological innovation and internationalization to grow with resiliency.
  • XCMG was one of the top five players that together captured 60 percent of connected construction machine shipments in 2022.

Strengthening Innovation and High-Quality Development, XCMG Machinery Ranks Highest Among All Chinese Construction Machinery Companies on the 2023 Fortune China 500

Retrieved on: 
Friday, August 4, 2023

XUZHOU, China, Aug. 4, 2023 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE:000425) ranks 212th in the 2023 Fortune China 500 List released by Fortune China on July 25 in Beijing, the highest among all Chinese construction machinery companies, with a total revenue of USD 13,946.8 million and a profit of USD 640.3 million in the fiscal year of 2022.

Key Points: 
  • XUZHOU, China, Aug. 4, 2023 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE:000425) ranks 212th in the 2023 Fortune China 500 List released by Fortune China on July 25 in Beijing, the highest among all Chinese construction machinery companies, with a total revenue of USD 13,946.8 million and a profit of USD 640.3 million in the fiscal year of 2022.
  • As a globally leading provider of construction machinery and sustainable development solutions, XCMG now exports to 191 countries and regions, with a market share increase of 2.42 percent.
  • XCMG is pivoting through an economic downturn that is affecting the industry by prioritizing technological innovation and internationalization to grow with resiliency.
  • XCMG was one of the top five players that together captured 60 percent of connected construction machine shipments in 2022.

XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth

Retrieved on: 
Thursday, July 27, 2023

The partnerships with SAP and IBM will fuel the drive for XCMG's comprehensive promotion of the transformation and upgrading strategies of "high-end, intelligent, green, service-oriented, and globalization".

Key Points: 
  • The partnerships with SAP and IBM will fuel the drive for XCMG's comprehensive promotion of the transformation and upgrading strategies of "high-end, intelligent, green, service-oriented, and globalization".
  • "Intelligent and digital transformation is the engine powering up the next technological revolution and industry evolution; it's boosting business model innovation and is a strategic choice for achieving high-quality development," remarked Yang Dongsheng, Chairman of XCMG.
  • IBM is very proud to become a long-term partner of XCMG and support XCMG's strategic imperatives with IBM's expertise in digital transformation and experiences of construction machinery industry.
  • The new strategic collaboration will be key to XCMG's intelligent and digital transformation agenda to empower process optimization and management reform.

XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth

Retrieved on: 
Thursday, July 27, 2023

The partnerships with SAP and IBM will fuel the drive for XCMG's comprehensive promotion of the transformation and upgrading strategies of "high-end, intelligent, green, service-oriented, and globalization".

Key Points: 
  • The partnerships with SAP and IBM will fuel the drive for XCMG's comprehensive promotion of the transformation and upgrading strategies of "high-end, intelligent, green, service-oriented, and globalization".
  • "Intelligent and digital transformation is the engine powering up the next technological revolution and industry evolution; it's boosting business model innovation and is a strategic choice for achieving high-quality development," remarked Yang Dongsheng, Chairman of XCMG.
  • IBM is very proud to become a long-term partner of XCMG and support XCMG's strategic imperatives with IBM's expertise in digital transformation and experiences of construction machinery industry.
  • The new strategic collaboration will be key to XCMG's intelligent and digital transformation agenda to empower process optimization and management reform.