Xugong two hundred million yuan to be established XCMG Transmission Machinery Co., Ltd.      

XCMG construction machinery Limited by Share Ltd intends to invest two hundred million yuan to set up Xuzhou Xugong transmission Co., Ltd. (hereinafter referred to as XCMG transmission). The establishment of XCMG drive is to establish a unified transmission parts development platform, focusing on the transmission industry development, and promote enterprise transformation and upgrading of important initiatives. XCMG transmission will be the main part of the development strategy of the transmission parts industry, and cooperate with the mainframe products to realize the rapid development of the industry.

XCMG will drive engaged in various types of gearbox, torque converter, transfer gear, drive axle, gear reducer, transmission shaft and other transmission parts of the R & D, manufacturing, sales, spare parts and service business.

Transmission components are the core components of construction machinery products, the relevant business has already existed, the investment belongs to XCMG machinery internal business division, in the early stage of the company oriented internal matching, and will actively expand the external market. At present, the main products of the company, in addition to loaders, other parts of the product transmission components mainly based on external, with a larger market space.

In 2014, faced with the fierce market competition situation, as the leading enterprise XCMG group, all show the general wind, always with the example of the strength, leading the development of China's construction machinery market.