Assistant Director Chen Xuhui of Zoomlion told reporters that in 2007, there were more than 2,000 construction machinery manufacturing companies and research institutes across the country; the industry’s net fixed assets were more than 270 billion yuan, which was 16 times that of 1978. The annual sales of the products reached more than 220 billion yuan, which was 122 times that of 1978. In the national machinery industry, its size ranks second only to automobiles, electrical appliances, and petrochemical general industries, ranking fourth.
Chen Xuhui believes that according to the growth history of the Japanese construction machinery industry, China's engineering machinery industry will emerge as a world-class engineering machinery giant. In recent years, the working efficiency of China's construction machinery companies has continuously improved, and per capita sales revenue and net profit per capita have maintained a sustained growth. From the perspective of the global construction machinery market distribution in 2006-2007, China’s major competitors, such as those in Europe, America, and Japan Market share has declined, and China's construction machinery companies have ranked first in market share growth. Combining the growth process of Japanese construction machinery companies, Chen Xuhui believes that China's engineering machinery industry will emerge as a world-class engineering machinery giant.
At present, internationally renowned companies have entered China in various effective ways such as joint ventures, sole proprietorships, and investments, establishing a four-in-one market system for regional headquarters, manufacturing centers, research and development centers, and marketing and service centers, enabling domestic companies to rely on product price competition previously relied upon. The advantages are not obvious, and there are also some uncertainties in the domestic macroeconomic environment. Strong overseas armies, such as Caterpillar, Volvo, Komatsu of Japan, etc., entered the Chinese market through various means such as import and export trade, direct investment in China to build factories, and mergers and acquisitions.
In the face of powerful foreign giants, the pressure on the domestic construction machinery industry has naturally increased. The serious shortage of R&D and innovation capabilities, low product quality, and lack of world famous brands have always plagued China's construction machinery industry. Therefore, China United will do everything possible to master the core technology of construction machinery, accelerate the pace of mergers and acquisitions, and at the same time be highly vigilant against possible trade disputes such as anti-dumping and intellectual property rights.
Chen Xuhui believes that according to the growth history of the Japanese construction machinery industry, China's engineering machinery industry will emerge as a world-class engineering machinery giant. In recent years, the working efficiency of China's construction machinery companies has continuously improved, and per capita sales revenue and net profit per capita have maintained a sustained growth. From the perspective of the global construction machinery market distribution in 2006-2007, China’s major competitors, such as those in Europe, America, and Japan Market share has declined, and China's construction machinery companies have ranked first in market share growth. Combining the growth process of Japanese construction machinery companies, Chen Xuhui believes that China's engineering machinery industry will emerge as a world-class engineering machinery giant.
At present, internationally renowned companies have entered China in various effective ways such as joint ventures, sole proprietorships, and investments, establishing a four-in-one market system for regional headquarters, manufacturing centers, research and development centers, and marketing and service centers, enabling domestic companies to rely on product price competition previously relied upon. The advantages are not obvious, and there are also some uncertainties in the domestic macroeconomic environment. Strong overseas armies, such as Caterpillar, Volvo, Komatsu of Japan, etc., entered the Chinese market through various means such as import and export trade, direct investment in China to build factories, and mergers and acquisitions.
In the face of powerful foreign giants, the pressure on the domestic construction machinery industry has naturally increased. The serious shortage of R&D and innovation capabilities, low product quality, and lack of world famous brands have always plagued China's construction machinery industry. Therefore, China United will do everything possible to master the core technology of construction machinery, accelerate the pace of mergers and acquisitions, and at the same time be highly vigilant against possible trade disputes such as anti-dumping and intellectual property rights.