Industry News
Overseas construction machinery market is booming and sales continue to grow
Overseas construction machinery market is booming
On the evening of October 17th, Dongwu Securities released a research report stating that the sales of excavators in September 2023 decreased year-on-year, putting pressure on the industry. However, the overall overseas construction machinery is in an upward cycle.
According to research report data from Dongwu Securities, sales of 6263 domestic excavators in September decreased by 40.5% year-on-year, indicating a temporary pressure on the industry. According to the analysis of Dongwu Securities, based on real estate and infrastructure data, the newly constructed area of houses in August 2023 decreased by 24% year-on-year, and the completed investment in real estate decreased by 19% year-on-year. The lack of recovery in real estate construction enthusiasm is the main reason for the adjustment of the domestic market for excavators.
At the same time, Dongwu Securities holds a positive attitude towards the overseas market of top construction machinery enterprises, predicting that the overall overseas construction machinery is in an upward cycle. Taking Caterpillar's Q2 2023 financial report data as an example, the quarter achieved revenue of $17.3 billion, a year-on-year increase of 22%, and net profit of $2.9 billion, a year-on-year increase of 75%, setting a new historical high.
According to the midterm report, Sany Heavy Industry achieved a revenue of 39.497 billion yuan in the first half of the year, with overseas sales accounting for over 50% of the company's revenue. At the same time of achieving a historic leap, Sany Heavy Industries also deployed its intelligent manufacturing capacity to countries jointly building the "the Belt and Road" to realize the export of lighthouse factories. XCMG Machinery's overall international revenue in the first half of the year was 20.9 billion yuan, a year-on-year increase of 33.5%, and the proportion of international revenue increased to 40.75%. In the first half of the year, Zoomlion achieved a revenue of 24.075 billion yuan, a year-on-year increase of 13.03%, and achieved an export value of 7.15 billion yuan, a year-on-year increase of 145.20%.
The "the Belt and Road" has become a breakthrough to speed up the sea going
At present, Sany Heavy Industry covers 121 "the Belt and Road" countries. In these countries, Sany Heavy Industry has 25 subsidiaries, 428 branches, 633 Sany employees, 2024 agent employees, and 1245 service vehicles, serving the global market with global resources.
Sany Heavy Industry staff introduced to the reporter: "Sany Heavy Industry Equipment has participated in major projects such as the China Laos Railway, Ya'an Wanzhou High speed Railway, Padma Bridge, Addis Ababa Djibouti Railway, Algeria East West Expressway, Mombasa Nairobi Railway, etc., making the past chasm become the current thoroughfare. During the construction process, we have created more than 2000 jobs for Indonesia and more than 5000 jobs in Africa. We are not only the builders of local infrastructure, but also the creators of social jobs Makers are also propagandists of the the Belt and Road Initiative. "
XCMG also actively participates in the construction of major projects in the "the Belt and Road" countries and regions. In the Swak Dam in Kenya, Africa, over half of the construction machinery comes from XCMG Machinery, and over 90% of the employees come from the local area of Kenya. After the completion of the dam, the water storage capacity of 688 million cubic meters can ensure the daily life and irrigation water supply of over 1.3 million local residents during the dry season, achieving the integration of water supply, irrigation, and power generation. As one of the earliest Chinese construction machinery enterprises to enter the African market, XCMG's sales and service outlets have covered almost all of Africa.
Zoomlion actively responded to the "the Belt and Road" initiative and deeply cultivated the local market through product export, overseas mergers and acquisitions, greenfield plant construction and other ways. Up to now, Zoomlion's products and services have covered more than 80 countries and regions under the "the Belt and Road" Initiative, realizing the leap from product export to taking root in China.
On October 16, the press conference on the important project achievements of the United Nations Global Compact action platform "Sustainable infrastructure helps the the Belt and Road, and accelerates the realization of sustainable development goals" (hereinafter referred to as the "the Belt and Road" action platform) was held in Beijing. At the press conference, Zoomlion's Belarusian production and manufacturing base and overseas operation compliance management system were selected into the Enterprise Practice Case of Promoting Project Sustainable Development, Jointly Building High Quality the Belt and Road, and Achieving UN Sustainable Development Goals.
At the press conference, Wang Furong, Assistant President of Zoomlion Heavy Industries, stated: "Zoomlion Heavy Industries adheres to the Ten Principles of the United Nations Global Compact in the construction and operation of overseas production bases Through the development, application, and exchange of environmentally friendly technologies, resource conservation and pollution reduction can be achieved. In the process of jointly building the "the Belt and Road", Zoomlion has always adhered to the operation of law and compliance, and its brand image of honesty and integrity has been deeply rooted in the hearts of the people. Zoomlion Heavy Industries implements an end-to-end management model in its overseas business, establishes a standardized compliance management system, and greatly enhances the company's soft power and competitiveness.
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