Country for PR: China
Contributor: PR Newswire Asia (China)
Monday, July 01 2019 - 18:24
AsiaNet
XCMG Ranks 65th in World Brand Lab's 2019 China's 500 Most Valuable Brands with 71.365 Billion Value
BEIJING, July 1, 2019 /PRNewswire-AsiaNet/ --

XCMG, a leading Chinese construction machinery manufacturer with a brand value 
of 71.365 billion yuan (USD 10.3775 billion), has ranked 65th in the 2019 
edition of China's 500 Most Valuable Brands released by World Brand Lab on June 
26 in Beijing, China, which evaluated the financial status, brand strength and 
consumer behavior analysis of the brand.

Photo - https://photos.prnasia.com/prnh/20190701/2513912-1 

Having raised the brand value by more than 10 billion yuan from last year, XCMG 
has ranked the highest among Chinese construction machinery brands for six 
years in a row.

Yang Dongsheng, general manager of XCMG, attended a roundtable discussion 
centered on global leadership and reshaping Chinese brands during the 
conference. He noted that brands had become symbols of a country's overall 
competitiveness, while XCMG had become an example of post-industrial urban 
development.

"In building the XCMG brand, our biggest experience is to maximize the value of 
the cold machinery products so the customers will enjoy using them and develop 
a win-win relationship with the brand," said Yang.

Sustainable Development with a Global Vision

XCMG's brand strategy of creating customized, durable and high-end products 
that can build a better life for all has enabled the brand to achieve 
continuous success in both domestic and international markets.In April, 2018, 
XCMG's release of a 700-ton hydraulic excavator made it the only Chinese 
manufacturer and one of the very few in the world to develop and manufacture 
ultra-large open-pit mining machinery sets.

"XCMG thrives on providing high-quality products that suit our customers' 
needs; the designs are inspired by the demands of customers and the market. We 
continuously evaluate the safety, reliability, comfort, cost and environmental 
friendliness from the perspective of our customers," Yang said.

In an interconnected digital age, XCMG is promoting intelligent products and 
services development based on digitalized program system, to build a global 
platform and network to monitor products and provide prompt support in 
real-time.

XCMG currently operates 14 categories of public welfare projects focusing on 
disaster relief, education, anti-poverty, environment conservation and 
industrial development. XCMG has allocated 568 large-scale equipment and 
donated more than 30 million yuan (USD 4.36 million) in 20 major rescue 
missions worldwide in the past decade. Since 2016, XCMG has been building water 
cellars in Africa that have benefited thousands of people.

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 
76 years. It currently ranks sixth in the world's construction machinery 
industry. The company exports to more than 183 countries and regions around the 
world.

Please visit www.xcmg.com, Facebook, Twitter, YouTube, LinkedIn and Instagram.

SOURCE  XCMG

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=339949

   Caption: Yang Dongsheng, general manager of XCMG, attended a round-table 
discussion centered on global leadership and reshaping Chinese brands at the 
World Brand Lab 2019 conference

Attachments
2513912-1.jpg
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