Recently, the Global Construction Machinery Industry Conference and Top 50 Summit were held in Beijing. The conference was jointly organized by the China Construction Machinery Industry Association, the American Equipment Manufacturers Association, the Japan Construction Machinery Industry Association, and the Korea Construction Machinery Industry Association, and was organized by China Construction Machinery Magazine.
Su Bo, Vice Minister of the Ministry of Industry and Information Technology; Secretary-General Su Zimeng, Secretary General of the China Construction Machinery Industry Association; and Counselor of the State Council, Xia Bin, Director of the Financial Research Institute of the Development Research Center of the State Council attended the meeting and delivered speeches. At the same time, international giants such as Caterpillar, Komatsu, Terex and local leading companies such as XCMG, Zoomlion, and Liugong have all sent key leaders and participants. Industry giants from five continents around the world talk about the global development trend and look forward to the direction of industrial transformation.
At the first public meeting of the high-end equipment decade, Su Bo, deputy director of the Ministry of Industry and Information Technology, delivered an important speech, revealing for the first time the "ten-year goal" of the high-end equipment manufacturing industry.
The “12th Five-Year Plan†for high-end equipment is one of the seven strategic special emerging industries. It has been under the leadership of the Ministry of Industry and Information Technology and has not yet been formally released.
Su Bo emphasized that high-end equipment manufacturing is a strategic emerging industry led by high technology, at the high end of the value chain and at the core of the industrial chain, and is an engine that promotes industrial transformation and upgrading. The Ministry of Industry and Information Technology (MIIT) is clear when it comes to planning, and strives to increase the sales of high-end equipment manufacturing industry to 25% in the equipment manufacturing industry by 2020, and cultivate the high-end equipment manufacturing industry as a pillar industry of the national economy.
For China's construction machinery industry, Su Bo believes that in recent years, the rapid development of China's construction machinery industry has played an important role in promoting China's economic development and improvement of people's living environment. In the next step, China's construction machinery industry must speed up the transformation and upgrading, and comprehensively enhance the core competitiveness of the industry, focusing on the following four aspects.
The first is to strengthen the ability of independent innovation, focus on upgrading the technological level, and strive to achieve major breakthroughs in the key components and other industrial chain short board, and further improve the technology innovation system that combines enterprise as the main body, market orientation, and production, education and research.
The second is to promote the deep integration of industrialization and informatization, promote the in-depth application of information technology in R&D, design, manufacturing, operation and management, and marketing and logistics, and accelerate the transition from manufacturing mode to intelligence, network, and service.
The third is to promote green and low-carbon development, promote the transformation of resource utilization methods into intensive, efficient, clean, and safe, and vigorously develop energy-saving emission reduction technologies, equipment, and services.
Fourth, we must speed up the cultivation of independent intellectual property rights and independent brands, develop large enterprises and large corporations with international competitiveness, and promote the combination of powerful companies, cross-regional mergers and acquisitions, overseas mergers and acquisitions and investment cooperation, and implement the “going out†strategy in depth. International operation level.
China’s strategic position has increasingly highlighted why international giants attach so much importance to the Chinese market.
Terex CEO Ronald Defoe said: "If you are not in China, you cannot see growth."
Su Zimeng, secretary general of the China Construction Machinery Industry Association, said at the conference that the Chinese construction machinery market has become one of the most open, competitive, and internationalized markets in the world. Today, 39 of the world's top 50 construction machinery manufacturers, of which 37 have entered China, have built a sound business system. Most of these companies also invested in the establishment of manufacturing and R&D bases and continuously improved their layout in China. At present, China has become the strategic focus of these foreign companies' global expansion.
In recent years, China's construction machinery industry has achieved remarkable results in the transformation of its development methods and economic restructuring. Most Chinese companies have gradually changed from a simple scale-based growth and market-driven development to a value-driven growth. The overall strength has grown rapidly, and international competitiveness and international industrial status have greatly improved. At present, China Construction Machinery not only ranks first in the world in both sales and sales, but also meets nearly 90% of the market demand in China.
The rapid development of China’s construction machinery has also contributed to the growth and improvement of the world’s construction machinery industry. In the newly released "2011 Top 50 Global Construction Machinery Manufacturers" list, there are 11 Chinese companies including Xugong, Zhonglian, Sanyi and Liugong. At present, China already has a number of large-scale construction machinery manufacturing enterprise groups that have begun to have world-class competitiveness.
Although China's construction machinery enterprises have made great progress, some companies still have a certain gap with the advanced international companies in terms of their technical level, innovation capability, and product level, and they must continue to learn from each other, complement each other, and innovate.
Low-end overcapacity risks gather Hyundai Heavy Industries Investment Co., Ltd. President Kim Hwan-jeou pointed out at the meeting that the current capacity of China's construction machinery market is in a period of oversupply and does not attach importance to quality improvement, which has brought difficulties to foreign brands.
The reporter learned from the meeting that Chinese construction machinery industry professionals also generally believe that the industry's growth has declined during the period from May to June, indicating that the market inflection point has arrived. In the mid- to low-end market, the market is facing a new round of reshuffle, while high-end companies that are competitive in brand and technology still have room for development.
In the first two quarters of 2011, the year-on-year growth in sales revenue and sales volume of the construction machinery industry slowed down, and the decline was significant. According to the data, since April 2011, the sales volume of major construction machinery products, including excavators, loaders, and bulldozers, has begun to drop sharply, with year-on-year declines of 38.79%, 28.27%, and 32.81%, respectively. In May, sales of excavators first year-on-year decreased by 12.4% year-on-year from the same period of the previous year, which was a year-on-year decrease of 12.4%. At the same time, the chain's decline further expanded to 47.8%; while loader sales remained stable year-on-year, it fell 21.3% month-on-month; bulldozer sales decreased 34% year-on-year. , a decrease of 26.1% from the previous quarter. In June, the sales of excavators, loaders and bulldozers continued to decline, with year-on-year decreases of 27.6%, 14.8%, and 14.5%.
Zeng Guangan, president of Guangxi Liugong Machinery Co., Ltd., said that if the GDP growth rate in the next 1 to 2 years is still 8%, the industry's excess capacity will be very serious.
Wang Min, Chairman of XCMG Group, stated that the current Chinese market will not have a large incremental scale, but the stock is very large and large-scale integration is needed. XCMG's strategy is to continue to maintain its market share in the current market. XCMG is currently operating in Poland, Peru, Indonesia, South Africa, India, Russia, Brazil and other countries, and overseas construction investment in the next five years will not be less than one billion US dollars.
Wang Min believes that the most important task of the Chinese machinery industry is to regard change as the focus of growth, focusing on transforming the competition model with “scale as the target†into a “value-orientated†competitiveness system, which will increase quality and user value. Elements of deep implantation technology, innovation, brand, model changes, industrial chain integration and growth. Chinese enterprises must completely change the extensive development model in the past, from the former pursuit of scale, growth-based growth, to value-oriented development, with quality and profit as the core development. At the same time, Chinese companies must also create a high-quality development platform and an efficient industrial chain system to build a new pedal that can sway the future.
The top 50 list revealed that the company was in a bittersweet meeting. In 2011, the world’s top 50 engineering machinery manufacturers were released. Although the sales volume of 50 companies did not climb to the highest level before the financial crisis, it has already risen to a fairly good level. The sales of the top 50 companies reached US$154.191 billion, an increase of 36% year-on-year; net operating profit increased by US$14.538 billion, and operating profit margin rebounded to -9.2% from -0.2% in 2010. There is no more enthusiasm for market warming than the European and American companies that were suffering before.
Caterpillar, the global leader in the construction machinery industry, still wrestled with the wand and its sales revenue surged from $18.148 billion in the financial crisis to $27.767 billion, an increase of more than 50%. Like the Caterpillar, the list of European and American companies that have begun to rebound has included other familiar names such as Volvo Construction Equipment, John Deere, JCB, etc., whose sales have increased by more than 40%. Outside the European and American corporate circles, “Asian forces†represented by Chinese, Japanese, and Korean companies showed a strong upward trend. Among them, the growth of Chinese companies continues to cover the world, and it is worth mentioning that XGMA and Shanhe Intelligence, the newly-listed company, have achieved sales growth of over 100%.
In terms of relevance, the relationship between the growth rate and the absolute size of the company is not large, but it is closely related to its dominant market distribution, business segment types, and expansion models. Companies that are in the forefront of earth-moving equipment and other industries, especially those that mark their businesses in China, tend to grow more brightly. However, not all of them are laughter, compared to earth and stone equipment, road equipment, and other areas, the pace of global crane plate recovery is apparently slow.
In 2011, among the top 50 global construction machinery manufacturers, the number of Chinese companies once again set a new record; among them, XCMG, Zoomlion, and Sany Group ranked among the top ten.
The conference also released the list of top 50 Chinese construction machinery manufacturers in 2011. In 2010, the total operating revenue of the top 50 Chinese construction machinery companies reached 27.1362 billion yuan. Among them, the company's operating income of the world's top 50 engineering machinery manufacturers has exceeded 80%, while the rest comes from other Chinese construction machinery companies with different businesses and specializing in different fields.
From the list, it is not difficult to find that the current concentration of China's construction machinery industry is significantly higher than in the past. The operating revenue of the top three companies accounted for 59.87% of the top 50 total operating revenues. The number of companies with a scale of more than 10 billion has reached seven, accounting for 81.82% of the top 50 operating machinery manufacturers in China. With higher industrial concentration, the industry’s “stronger and stronger†and “stronger stronger†rules become more apparent. The rapid development of China's construction machinery industry has provided an unprecedented opportunity for China to create a world-class construction machinery brand. In the future, with the further improvement of industrial concentration and the increase in the status of the Chinese construction machinery industry in the world, the world-class brand of Chinese construction machinery is expected to emerge from this camp.
Su Bo, Vice Minister of the Ministry of Industry and Information Technology; Secretary-General Su Zimeng, Secretary General of the China Construction Machinery Industry Association; and Counselor of the State Council, Xia Bin, Director of the Financial Research Institute of the Development Research Center of the State Council attended the meeting and delivered speeches. At the same time, international giants such as Caterpillar, Komatsu, Terex and local leading companies such as XCMG, Zoomlion, and Liugong have all sent key leaders and participants. Industry giants from five continents around the world talk about the global development trend and look forward to the direction of industrial transformation.
At the first public meeting of the high-end equipment decade, Su Bo, deputy director of the Ministry of Industry and Information Technology, delivered an important speech, revealing for the first time the "ten-year goal" of the high-end equipment manufacturing industry.
The “12th Five-Year Plan†for high-end equipment is one of the seven strategic special emerging industries. It has been under the leadership of the Ministry of Industry and Information Technology and has not yet been formally released.
Su Bo emphasized that high-end equipment manufacturing is a strategic emerging industry led by high technology, at the high end of the value chain and at the core of the industrial chain, and is an engine that promotes industrial transformation and upgrading. The Ministry of Industry and Information Technology (MIIT) is clear when it comes to planning, and strives to increase the sales of high-end equipment manufacturing industry to 25% in the equipment manufacturing industry by 2020, and cultivate the high-end equipment manufacturing industry as a pillar industry of the national economy.
For China's construction machinery industry, Su Bo believes that in recent years, the rapid development of China's construction machinery industry has played an important role in promoting China's economic development and improvement of people's living environment. In the next step, China's construction machinery industry must speed up the transformation and upgrading, and comprehensively enhance the core competitiveness of the industry, focusing on the following four aspects.
The first is to strengthen the ability of independent innovation, focus on upgrading the technological level, and strive to achieve major breakthroughs in the key components and other industrial chain short board, and further improve the technology innovation system that combines enterprise as the main body, market orientation, and production, education and research.
The second is to promote the deep integration of industrialization and informatization, promote the in-depth application of information technology in R&D, design, manufacturing, operation and management, and marketing and logistics, and accelerate the transition from manufacturing mode to intelligence, network, and service.
The third is to promote green and low-carbon development, promote the transformation of resource utilization methods into intensive, efficient, clean, and safe, and vigorously develop energy-saving emission reduction technologies, equipment, and services.
Fourth, we must speed up the cultivation of independent intellectual property rights and independent brands, develop large enterprises and large corporations with international competitiveness, and promote the combination of powerful companies, cross-regional mergers and acquisitions, overseas mergers and acquisitions and investment cooperation, and implement the “going out†strategy in depth. International operation level.
China’s strategic position has increasingly highlighted why international giants attach so much importance to the Chinese market.
Terex CEO Ronald Defoe said: "If you are not in China, you cannot see growth."
Su Zimeng, secretary general of the China Construction Machinery Industry Association, said at the conference that the Chinese construction machinery market has become one of the most open, competitive, and internationalized markets in the world. Today, 39 of the world's top 50 construction machinery manufacturers, of which 37 have entered China, have built a sound business system. Most of these companies also invested in the establishment of manufacturing and R&D bases and continuously improved their layout in China. At present, China has become the strategic focus of these foreign companies' global expansion.
In recent years, China's construction machinery industry has achieved remarkable results in the transformation of its development methods and economic restructuring. Most Chinese companies have gradually changed from a simple scale-based growth and market-driven development to a value-driven growth. The overall strength has grown rapidly, and international competitiveness and international industrial status have greatly improved. At present, China Construction Machinery not only ranks first in the world in both sales and sales, but also meets nearly 90% of the market demand in China.
The rapid development of China’s construction machinery has also contributed to the growth and improvement of the world’s construction machinery industry. In the newly released "2011 Top 50 Global Construction Machinery Manufacturers" list, there are 11 Chinese companies including Xugong, Zhonglian, Sanyi and Liugong. At present, China already has a number of large-scale construction machinery manufacturing enterprise groups that have begun to have world-class competitiveness.
Although China's construction machinery enterprises have made great progress, some companies still have a certain gap with the advanced international companies in terms of their technical level, innovation capability, and product level, and they must continue to learn from each other, complement each other, and innovate.
Low-end overcapacity risks gather Hyundai Heavy Industries Investment Co., Ltd. President Kim Hwan-jeou pointed out at the meeting that the current capacity of China's construction machinery market is in a period of oversupply and does not attach importance to quality improvement, which has brought difficulties to foreign brands.
The reporter learned from the meeting that Chinese construction machinery industry professionals also generally believe that the industry's growth has declined during the period from May to June, indicating that the market inflection point has arrived. In the mid- to low-end market, the market is facing a new round of reshuffle, while high-end companies that are competitive in brand and technology still have room for development.
In the first two quarters of 2011, the year-on-year growth in sales revenue and sales volume of the construction machinery industry slowed down, and the decline was significant. According to the data, since April 2011, the sales volume of major construction machinery products, including excavators, loaders, and bulldozers, has begun to drop sharply, with year-on-year declines of 38.79%, 28.27%, and 32.81%, respectively. In May, sales of excavators first year-on-year decreased by 12.4% year-on-year from the same period of the previous year, which was a year-on-year decrease of 12.4%. At the same time, the chain's decline further expanded to 47.8%; while loader sales remained stable year-on-year, it fell 21.3% month-on-month; bulldozer sales decreased 34% year-on-year. , a decrease of 26.1% from the previous quarter. In June, the sales of excavators, loaders and bulldozers continued to decline, with year-on-year decreases of 27.6%, 14.8%, and 14.5%.
Zeng Guangan, president of Guangxi Liugong Machinery Co., Ltd., said that if the GDP growth rate in the next 1 to 2 years is still 8%, the industry's excess capacity will be very serious.
Wang Min, Chairman of XCMG Group, stated that the current Chinese market will not have a large incremental scale, but the stock is very large and large-scale integration is needed. XCMG's strategy is to continue to maintain its market share in the current market. XCMG is currently operating in Poland, Peru, Indonesia, South Africa, India, Russia, Brazil and other countries, and overseas construction investment in the next five years will not be less than one billion US dollars.
Wang Min believes that the most important task of the Chinese machinery industry is to regard change as the focus of growth, focusing on transforming the competition model with “scale as the target†into a “value-orientated†competitiveness system, which will increase quality and user value. Elements of deep implantation technology, innovation, brand, model changes, industrial chain integration and growth. Chinese enterprises must completely change the extensive development model in the past, from the former pursuit of scale, growth-based growth, to value-oriented development, with quality and profit as the core development. At the same time, Chinese companies must also create a high-quality development platform and an efficient industrial chain system to build a new pedal that can sway the future.
The top 50 list revealed that the company was in a bittersweet meeting. In 2011, the world’s top 50 engineering machinery manufacturers were released. Although the sales volume of 50 companies did not climb to the highest level before the financial crisis, it has already risen to a fairly good level. The sales of the top 50 companies reached US$154.191 billion, an increase of 36% year-on-year; net operating profit increased by US$14.538 billion, and operating profit margin rebounded to -9.2% from -0.2% in 2010. There is no more enthusiasm for market warming than the European and American companies that were suffering before.
Caterpillar, the global leader in the construction machinery industry, still wrestled with the wand and its sales revenue surged from $18.148 billion in the financial crisis to $27.767 billion, an increase of more than 50%. Like the Caterpillar, the list of European and American companies that have begun to rebound has included other familiar names such as Volvo Construction Equipment, John Deere, JCB, etc., whose sales have increased by more than 40%. Outside the European and American corporate circles, “Asian forces†represented by Chinese, Japanese, and Korean companies showed a strong upward trend. Among them, the growth of Chinese companies continues to cover the world, and it is worth mentioning that XGMA and Shanhe Intelligence, the newly-listed company, have achieved sales growth of over 100%.
In terms of relevance, the relationship between the growth rate and the absolute size of the company is not large, but it is closely related to its dominant market distribution, business segment types, and expansion models. Companies that are in the forefront of earth-moving equipment and other industries, especially those that mark their businesses in China, tend to grow more brightly. However, not all of them are laughter, compared to earth and stone equipment, road equipment, and other areas, the pace of global crane plate recovery is apparently slow.
In 2011, among the top 50 global construction machinery manufacturers, the number of Chinese companies once again set a new record; among them, XCMG, Zoomlion, and Sany Group ranked among the top ten.
The conference also released the list of top 50 Chinese construction machinery manufacturers in 2011. In 2010, the total operating revenue of the top 50 Chinese construction machinery companies reached 27.1362 billion yuan. Among them, the company's operating income of the world's top 50 engineering machinery manufacturers has exceeded 80%, while the rest comes from other Chinese construction machinery companies with different businesses and specializing in different fields.
From the list, it is not difficult to find that the current concentration of China's construction machinery industry is significantly higher than in the past. The operating revenue of the top three companies accounted for 59.87% of the top 50 total operating revenues. The number of companies with a scale of more than 10 billion has reached seven, accounting for 81.82% of the top 50 operating machinery manufacturers in China. With higher industrial concentration, the industry’s “stronger and stronger†and “stronger stronger†rules become more apparent. The rapid development of China's construction machinery industry has provided an unprecedented opportunity for China to create a world-class construction machinery brand. In the future, with the further improvement of industrial concentration and the increase in the status of the Chinese construction machinery industry in the world, the world-class brand of Chinese construction machinery is expected to emerge from this camp.
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