Welcome the New Year with Two Billion Yuan Worth of Repurchase

2021-12-31 11:38:20

On December 30, in Xuzhou, Jiangsu Province, Wang Min, Chairman of XCMG Group, delivered a commemorative plaque for the completion of the one billion yuan large-tonnage crawler crane project to Xie Lijing, general manager of Shanghai Tengfa Construction Engineering Co., Ltd., declaring that the industry’s super-large order landed smoothly.

 

At the event site, the two parties once again signed a two billion mid-to-long-term strategic cooperative procurement agreement. XCMG and Shanghai Tengfa will implement in-depth strategic cooperation in super large-tonnage crawler cranes, large circular rail cranes, and new hoisting construction methods to open up new opportunities for win-win development.

 

Wang Min said in his speech,

 

Shanghai Tengfa is an excellent hoisting company and enjoys an excellent market reputation in the industry. Similarly, XCMG Hoisting Machinery has always adopted the gold standard of leading technology and non-destructive use, and has won the favor of high-quality customers from all over the world, including Shanghai Tengfa. XCMG will continue to join hands with the Iron and Steel Allied Forces to attack the top of the world together and make contributions to the prosperity of the motherland.

 

Wang Daxin, chairman of Shanghai Tengfa Engineering Co., Ltd., said on the spot, “XCMG is the world’s largest crane manufacturer, with excellent product quality, superior performance, and reliable logistics services. It has always provided strong support for the development of Shanghai Tengfa.”

 

Established in 1995, Shanghai Tengfa Construction Engineering Co., Ltd. is one of the first domestic construction enterprises to realize internationalization and professionalization of hoisting engineering. The total tonnage of its cranes exceeds 40,000 tons, and its construction performance covers all engineering fields such as petroleum, chemical industry, wind power, and municipal administration.

 

In 2008, Shanghai Tengfa Development’s first XCMG 50-ton crawler crane was put into use, and the prelude to the cooperation between the two parties was officially opened. In recent years, the two parties have continuously deepened their long-term cooperative relationship and reached a strategic purchase agreement of one billion yuan in 2020. In the next 18 months, more than 50 large-tonnage crawler cranes, including the world’s first XCMG XLC26000 2,000-ton crawler crane, have been successfully delivered.

 

XCMG equipment has successively assisted Shanghai Tengfa to complete many national key engineering projects such as Shenghong Petrochemical, Asia Cup Main Stadium, and ultra-high-power large-scale wind power. Finally, in December 2021, it has completed the smooth delivery of one billion yuan crawler crane products, creating another piece of history in China’s hoisting industry!

Looking back to 2021, XCMG crawler cranes have always focused on the product innovation strategy of Three Highs and One Large, and continued to build large-tonnage crawler crane clusters represented by XGC450, XGC500, XGC800-I, and XGC15000A, demonstrating the strength and self-confidence of China’s manufacturing to the global large-scale hoisting engineering field.

 

It is reported that in this years 2021 global top 10 mobile crane manufacturers list, ICM20, and the worlds largest crane manufacturer rankings, XCMG has won both for the first time, and XCMG crawler cranes have maintained the number one domestic sales volume for 10 consecutive years.

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