XCMG invested 200 million yuan accumulation fire force
In 2016, XCMG carried out diversified development, facing various fields, showing its "versatile" product image. After the road construction boom, XCMG turned his attention to the field of fire protection.
For "13th Five-Year", the work of fire fighting equipment company developed a new generation of intelligent, professional, complete, high quality is also made in the current stage of research. Set up subsidiaries in order to seize market opportunities, further enhance the company's core competitiveness, to seize the market high point, the rapid realization of the fire industry and aerial work platform industry layout.
In January 20th, the company disclosed Xugong announcement, intends to invest 200 million yuan to set up by fire safety equipment Co. Ltd., the main R & D, for all kinds of daily use of fire trucks and supporting facilities accessories manufacturing, sales, leasing, maintenance and technical services; elevating work platform development, and supporting the production, sales, leasing, maintenance and technical service; secondary fire truck and elevating work platform sales; fire truck and elevating work platform products spare parts sales, maintenance and technical services.
Announced that the company's fire industry and aerial work platform business after years of operation, has now formed strong technology and market two foundations. During the "12th Five-Year" period, the company has completed more than 40 fire engines new product development, 16 core technology research and 3 core components development, the company climbing fire truck market share in the forefront of the industry.
After the completion of the investment, the company will directly hold 100% stake in XCMG fire, and its financial statements will be incorporated into the consolidated statements of the company. The investment has a positive impact on the company's continuous operating capacity; it will not have a significant impact on the company's financial situation, and will have a positive impact on the company's financial situation in the next three years.
In a variety of fields, let the Xugong Group bring more experience and technological innovation, but also for its greater market share, in the future, with the development of science and technology, XCMG will continue to expand the field and higher technology innovation.
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