Xuzhou Construction Machinery Group Co., Ltd. is a Chinese multinational state-owned heavy machinery manufacturing company with headquarters in Xuzhou, Jiangsu. Founded in 1943, XCMG currently ranks first in the Chinese construction machinery industry, 3rd in the world, 4th in China's top 100 machinery enterprises, and 409th in the world's top 500 brands. XCMG Group’s subsidiary, XCMG Construction Machinery Co. Ltd., was listed on the Shenzhen Stock Exchange SZSE: 000425 in 1996. XCMG products are sold in more than 180 countries and regions and cover 97% of the countries along the Belt and Road Initiative. The group holds a worldwide sales network including more than 20 manufacturing bases in China, 300 overseas distributors, over 2,000 service centers, 40 overseas offices, and more than 30 overseas branch companies. The group has R&D centers, manufacturing bases or KD factories in more than 10 countries including Germany, United States, Brazil, and India, and has acquired 3 European companies including Schwing. Wikipedia