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RELEASE: Yang Dongsheng: XCMG will accelerate glocalization, boosting collaborative industry chain in America


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RELEASE: Yang Dongsheng: XCMG will accelerate glocalization, boosting collaborative industry chain in America

ATLANTA, Aug. 31, 2023 /PRNewswire/ -- Yang Dongsheng, CEO and President of XCMG Machinery ("XCMG," SHE:000425), is visiting the group's R&D center, factories, sales and operating branches in the US, Mexico and Brazil, firmly upholding its principle of international development with confidence to advance the industrial chain collaboration in the US and further promote the localized development in America.

In the US, Yang stresses the importance of operating to the highest standards, complying with regulations, and being part of communities to come together, collaborate, and overcome challenges to create greater value for local customers.

"The US market is of great importance to XCMG and we will further increase our development influence and support. The US R&D Center must work closely with sales and marketing while focusing on key breakthroughs to seize opportunities to introduce new products, while our U.S. Research Institute would not only be responsible for the adaptability and reliability of our products released to the local market, but also full life cycle support, as well as application and maintenance data to ensure that each product is a success," Yang said.

Committed to driving glocalization, XCMG will continue to expand its investments in Mexico, as XCMG has recently established the Central America region, and business in the first half of 2023 has doubled compared to the same period last year.

Yang visited the XCMG factory in Mexico and met with the minister and vice minister of economy of Nuevo León, the CEO of the AI ​​company and representatives of more than 10 distributors in Mexico, Guatemala and Nicaragua. He emphasized strengthening investments in building digital infrastructure to improve production efficiency and product quality, while advancing to build regional spare parts centers and training bases in Central America.

While in Brazil, Yang participated in the signing ceremony of investment tax incentive agreements between XCMG Brasil and Pouso Alegre of the southeastern Brazilian state of Minas Gerais.

José Dimas da Silva Fonseca, Mayor of Pouso Alegre, noted that XCMG Brazil has won the top China-Brazil Friendship medal of honor three times. The government and residents of Pouso Alegre are proud of XCMG's investment and its contribution to the local economy.

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