Half of Fortune Global 50 Companies to Participate in 2019 CICEE
Participating enterprises prepare for the 2019 CICEE. (Photo/Wang Zhiwei)
The 2019 Changsha International Construction Equipment Exhibition (CICEE) will take place between May 15 and 18. Twenty-four Fortune Global 50 companies will attend the event, including Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Guangxi LiuGong Group Co., Ltd., Shantui Construction Machinery Co., Ltd., and US’s Caterpillar Inc. and Case Corporation.
In 2018, four Hunan enterprises were among the "World's Top 50 Engineering Machinery Manufacturers". The four companies are all located in Changsha. Three Changsha-based businesses ranked among top 5 China's construction machinery companies by revenue. Changsha is home to a number of global leading machinery manufacturers.
Governments at various levels have given great support to Changsha's engineering machinery industry which features excellent innovation system and strong innovation abilities. Construction machinery industry is upgraded as one of 22 industrial emerging and competitive industrial chains. Now 6 national enterprise technology centers, 4 national engineering technology research centers, 1 state key laboratory, and 11 enterprise academician workstations were built. Every year leading companies invest more than 5% of their revenue in product research and development.
In recent years, Changsha's construction machinery industry continues to go global and take part in international competition. Currently “Changsha-made” construction machinery products are marketed to 160 countries and regions.