On the morning of November 9, Foshan Municipal Government signed a contract with Xuzhou Construction Machinery Group Co., Ltd. (hereinafter referred to as “XCMG”) on the Guangdong Production Base Project in Nanhai District with a total investment of 2 billion yuan, which will further promote the development of high-end manufacturing in Foshan and the advanced equipment manufacturing industry on the western bank of the Pearl River.

  

  

XCMG, ranking 4th in the world’s construction machinery industry and 4th among China’s Top 100 machinery enterprises, is one of the largest, the most competitive and influential corporate groups in China’s construction machinery industry with the most complete product varieties and series.

  

The signed project plans to establish Guangdong Production Base Project Company, with a total investment of 2 billion yuan, including 1.2 billion yuan in fixed assets.

  

It is estimated that after the completion of the project, it can produce over 5,000 tower cranes and construction elevators per year, with the sales income reaching 2.5 to 3 billion yuan per year. 

  

The project, settled in Danzao with a planned area of 177,333 square meters, will build joint factory buildings, testing and delivery venues, and offices, logistics and other supporting facilities, together with 16 intelligent production lines such as standard knots, supports and lifting arms, and more than 80 intelligent robots, with the intelligent coverage of main processes exceeding 85%. 

  

  

The project is scheduled to start the construction at the end of this year and go into trial operation in 2021. In addition, XCMG plans to build its South China regional sales headquarters and XCMG Industrial Park in Nanhai for more in-depth and comprehensive cooperation with Foshan.