This Week:
Infrastructure Investment in Q1 Approaches Nearly 450 Billion Yuan
According to the data compiled by Su Tang Technology’s “Infrastructure Communication” big data platform (cnsuido01), during the first quarter of 2024 (January to March), approximately 40 major railway, highway, urban rail transit, and airport projects with an investment exceeding 500 million yuan each received approvals from various authorities, including the Ministry of Natural Resources, the Department of Ecology and Environment, provincial-level Development and Reform Commissions/Transportation Departments, and municipal-level Development and Reform Bureaus/Transportation Bureaus. The approval process covered aspects such as feasibility studies, preliminary designs, construction drawings, project land acquisition, project approvals, and environmental impact assessments. The total investment for these projects is estimated to be nearly 450 billion yuan.
Industrial Equipment Investment Expected to Grow by 25% by 2027
The Ministry of Industry and Information Technology, National Development and Reform Commission, Ministry of Finance, People’s Bank of China, State Taxation Administration, State Administration for Market Regulation, and China Banking and Insurance Regulatory Commission recently jointly issued the “Implementation Plan for Promoting Equipment Renewal in the Industrial Sector.” The plan proposes that by 2027, the investment scale in industrial equipment should grow by more than 25% compared to 2023.
Domestic Excavator Sales Surge by 9.27% in March
According to statistics from the China Construction Machinery Industry Association, in March 2024, sales of various types of excavators totaled 24,980 units, representing a 2.34% year-on-year decline. Among these, 15,188 units were sold domestically, showing a 9.27% year-on-year growth, while 9,792 units were exported, experiencing a 16.2% year-on-year decrease.
Zoomlion Successfully Delivers a 600-Ton All-Terrain Crane to an Indonesian Client
Recently, the Zoomlion 600-ton all-terrain crane was delivered in a grand ceremony in Jakarta, Indonesia. This marks a significant milestone for Zoomlion as it is the largest all-terrain crane exported to Indonesia, demonstrating the company’s breakthrough in the Indonesian market.
Liebherr Achieves Record-High Revenue in 2023
In the fiscal year 2023, Liebherr achieved a historic record revenue of €14.042 billion, representing an 11.5% growth compared to the previous year. Almost all product areas within the group saw substantial revenue increases. In 2023, Liebherr Group achieved a net profit of €367 million. Both operational and financial performance showed significant growth compared to 2022.
Yuchai Heavy Industry Releases the World’s Longest-Range Pure Electric Skid Steer Loader
On April 9th, Yuchai Heavy Industry held a global launch event for its new energy products, introducing five pure electric construction machinery models, including the S35 Max, which boasts the longest global electric range for a skid steer loader, and the domestic market’s largest-tonnage electric skid steer loader, the S150.
