XCMG Group

Industry sector: Heavy equipment

Headquarters: Xuzhou

Since its establishment in 1989, state-owned heavy equipment company XCMG has deftly deployed intellectual property to protect the fruits of its superior design and production expertise. The company has had a particularly busy 2012: its July acquisition of a majority stake in German concrete pump maker Schwing saw it break into the concrete machinery market, while it also unveiled its titanic 3,600-plus ton capacity super-crane, designed in partnership with Sinopec and intended for use in the petrochemicals, coal, chemicals and nuclear power sectors. To further enhance its technological capabilities, XCMG recently began construction on an R&D facility in Germany.