Leading construction machinery manufacturer XCMG sent 972 units of construction machinery products to customers in South America via COSCO Shipping on July 20 from Lianyungang, China. XCMG’s batch delivery, including excavators, loaders, graders, among others, were loaded in 935 containers, marking the single largest overseas shipment in five years and the second largest since the V58 Project in 2011.
“The delivery event in partnership with COSCO Shipping is of great significance for XCMG and our partners. We overcame the huge difficulty of supply chain maintenance during the COVID-19 pandemic situation, and enhanced global customer confidence,” said Lu Chuan, President of XCMG.
XCMG and COSCO Shipping have formed a powerful alliance since XCMG won the bid for a major project in South America in early 2021 but then faced the enormous challenge of delivering all products within a short period of time during the pandemic as the global supply chain and sea freight logistics capacity was massively restricted. COSCO Shipping acted quickly to allocate resources and customized a solution plan for XCMG to solve the container transportation issues to ensure timely and orderly shipping.
By the end of the first half of 2021, XCMG’s export volume increased by 70 percent YOY. Its products are now sold in 187 countries and regions worldwide, including 97 percent of Belt and Road Initiative countries, and XCMG now holds the highest export market share in 30 countries.