XCMG plan to invest 0.15 billion USD to build new factory in India

India local time on the evening of January 12, in Chennai City, India, XCMG held a press conference, the group chairman Wang Min announced that XCMG will invest 150 million US dollars in India local construction factories.

From January 10 to 13, Wang Min, chairman of the board of directors visited India during the inspection of the XCMG Schwing British company all the factories, in-depth understanding of the situation, listen to the management of the management and future market development report. At the same time the field survey of the Indian market, visited the local Indian dealers, held a related meeting, clear the Indian market development direction and specific measures.

At the Schwing factory in India, the local workers were rejoice and shook hands with Wang Min's chairman. Wang Min, chairman of the hearing were heard by the German company Schwing and India Schwing executives management report. After listening to the report of Schwing India sales team, Wang Min, chairman of the board said: the Indian market has great potential, 2017 is the XCMG India years, will choose the advantages of XCMG products, and vigorously promote the Indian market development.

On the evening of January 12, XCMG invited a number of well-known local media in India, held a press conference in Chennai City. Wang Min, chairman of the meeting announced at the meeting of the investment plan in India, will invest 150 million US dollars in India, the local construction of construction machinery products, and strive to complete the first phase of the plant across the building. At the same time, make full use of India's Schwing existing sales system, vigorously explore the market, serving the majority of Indian customers.

General Manager of the Department of Investment and Development, Ministry of Foreign Affairs and other relevant departments to participate in the activities of the Ministry of Foreign Affairs, the Ministry of Foreign Affairs, the Ministry of Foreign Affairs, the Ministry of Foreign Trade and Economic Cooperation.