Xugong: construction machinery industry in 2013 compared with the optimistic forecast 

In the latest report on investor relations activity, XCMG expects the construction machinery industry to be slightly optimistic this year than last year.

XCMG said that the rapid growth of construction machinery industry in recent years, the huge stock and low equipment utilization constrained new demand, but after 2012 and 2013 market destocking and adjustment, the industry is at a low point, has been basically stable.

Xugong also said that in 2014, as the deepening of internationalization, the company through increasing technical strength and relatively low cost of raw materials, the competitiveness of domestic engineering machinery products in the international market gradually increased, the gradual recovery of the world economy, the international market especially in emerging market demand for products will be further released, providing a wide range of external the market for the Chinese construction machinery industry.