XCMG has always been the leader of China’s construction machinery industry, ever since its establishment in March 1989. At present, XCMG ranks in the Top 5 in the global construction machinery industry, 123th of Top 500 enterprise in China, and 53th of Top 500 manufacturing industry in China． XCMG is a large-scale enterprise group in China’s construction machinery industry, with the largest scale and most diverse series of products. The annual revenue of XCMG has increased to USD14 billion in 2011, ranking Top 1 in China’s construction machinery industry.
LiuGong was founded in 1958 in Liuzhou, China. Based upon units sold, LiuGong is one of the largest wheel loader manufacturers in the world. LiuGong has received growing recognition as a major global competitor, and is ranked 17th among construction machine companies in the world. With the expansions realized in 2011, and continued growth and expansion planned for 2012 and beyond, LiuGong is clearly targeting to become an even bigger player in the construction equipment industry.