Record growth for XCMG in Brazil
By Catrin Jones16 December 2021
XCMG says that it has seen record growth in Brazil, South America’s largest market, with XCMG Brazil expected to reach 184% year-on-year growth of its main business revenue in 2021 and a 4.7% increase of market share in Brazil year-on-year.
The company recently delivered 102 units of GR1803BR graders to the State of Alagoas, located in north-eastern Brazil, as part of the state’s “enhanced” infrastructure initiative. The initiative was launched in 2021 to provide transportation guarantees for the 4.9 million residents. The graders will be used in the construction and expansion of roads and other urban renovation projects in Alagoas.
To expand production capacity and ensure high product quality, as well as to improve the skills and knowledge of front-line employees, XCMG Brazil established the first employee practical operation training centre in November.
Wang Yansong, VP of XCMG and chairman of XCMG Brazil, said, “XCMG Brazil has overcome many difficulties in the last couple of years including the Covid-19 outbreak, exchange rates, and freight costs. Next year, we’re well positioned to seize market opportunities in anticipation of even greater breakthroughs.”
The company added that it expanding its operations to other South American countries, with an order for 60 units of mining equipment signed with Chile in June. Additionally, a memorandum of understanding was signed with Vale S.A. Brazil in October for potential supply of mining and infrastructure equipment – this included zero-emission and unmanned equipment that will accelerate green and sustainable mining practices.