The ceremony wasn't just speeches, though! It buzzed with employee-led performances - singing, dancing, and even magic shows! The lively atmosphere was contagious, and the audience thoroughly enjoyed these displays of talent.
To cap off the celebration, a lucky draw segment – surprised all group of employees with exciting prizes. This added a touch of extra fun and showed our appreciation for everyone's hard work.
The 12th anniversary celebration was a resounding success. It served as a time to reflect on achievements, look forward to the future, and most importantly, celebrate the incredible team that makes it all possible.
-27/03/2024
]]>From January to February 2024, China's import and export trade of construction machinery was 7.856 billion US dollars, a year-on-year increase of 6.3%. Among them, the import amount was 3.825 billion US dollars, a year-on-year decrease of 0.33%; the export amount was 7.473 billion US dollars, a year-on-year increase of 6.67%.
Calculated based on the export value in RMB, the export value in January was 29.19 billion yuan, a year-on-year increase of 8.18%; the export value in February was 23.895 billion yuan, a year-on-year increase of 14.9%. The cumulative export value from January to February was 53.085 billion yuan, a year-on-year increase of 11.1%.
]]>In February 2024, a total of 12,608 excavators were sold, representing a 41.2% year-on-year decrease. Of these, 5,837 were sold domestically in China, showing a 49.2% decline. The remaining 6,771 were exported, with a 32% year-on-year decrease. Additionally, in January and February 2024 combined, a total of 24,984 excavators were sold. Among these, 11,258 were sold within China (a 24.6% decrease), and 13,726 were exported (a 19.1% decrease). Notably, in February 2024, two electric excavators were sold—one in the below 6-ton category and the other in the 18.5 to 28.5-ton category.
Loaders
In February 2024, a total of 6,495 loaders were sold, reflecting a 32.6% year-on-year decline. Of these, 2,763 were sold domestically in China (a 50.4% decrease), while 3,732 were exported (an 8.44% decrease). For the combined months of January and February 2024, a total of 14,297 loaders were sold. Among them, 6,507 were sold domestically (an 18.6% decrease), and 7,790 were exported (a 5.09% decrease). Furthermore, in February 2024, a total of 298 electric loaders were sold, distributed as follows: 1 in the below 3-ton category, 257 in the 5-ton category, 36 in the 6-ton category, and 4 in the 7-ton category.
Graders
In February 2024, a total of 507 graders were sold, marking a 16% month-on-month increase. Of these, 69 were sold domestically in China (a 16.9% decrease), while 438 were exported (a 23.7% increase).
Mobile Cranes (Truck-Mounted)
In February 2024, a total of 1,480 mobile cranes were sold, experiencing a 43.6% year-on-year decrease. Of these, 897 were sold domestically in China (a 55.9% decrease), and 583 were exported (a 1.19% decrease).
Crawler Cranes
In February 2024, a total of 217 crawler cranes were sold, showing a 32.4% year-on-year decrease. Of these, 60 were sold domestically in China (a 56.5% decrease), while 157 were exported (a 14.2% decrease).
Rough Terrain Cranes
In February 2024, a total of 1,700 rough terrain cranes were sold, with a slight 0.06% month-on-month increase. Of these, 1,280 were sold domestically in China (a 4.9% decrease), and 420 were exported (a 19% increase).
Tower Cranes
In February 2024, a total of 433 tower cranes were sold, experiencing a significant 68.8% year-on-year decrease. Of these, 307 were sold domestically in China (a 76.8% decrease), while 126 were exported (a 100% increase).
Industrial Vehicles
In February 2024, a total of 68,042 forklifts were sold, reflecting a 34.2% year-on-year decrease. Of these, 41,557 were sold domestically in China (a 43.7% decrease), and 26,485 were exported (a 10.8% decrease).
Rollers (Compactors)
In February 2024, a total of 955 rollers (compactors) were sold, showing a 31.7% year-on-year decrease. Of these, 314 were sold domestically in China (a 51.9% decrease), while 641 were exported (a 14% decrease).
Pavers
In February 2024, a total of 69 pavers were sold, experiencing a 38.9% month-on-month decrease. Of these, 47 were sold domestically in China (a 50.5% decrease), while 22 were exported (a 22.2% increase).
Aerial Work Platforms
In February 2024, a total of 10,609 aerial work platforms were sold. This represents a 45.4% year-on-year decrease. Of these, 5,158 were sold in the domestic Chinese market (a 58.3% decrease), while 5,451 were exported (a 22.8% decrease).
High-Altitude Operation Vehicles
In February 2024, a total of 258 high-altitude operation vehicles were sold. This indicates a slight 0.78% year-on-year increase. Among these, 245 were sold domestically in China (a 3.54% decrease), while the export market saw an increase of 11 units, totaling 13 exported vehicles.
]]>Continued Expansion in North America
Palfinger's 2023 revenue reached a record €2.45 billion, an increase of almost 10% compared to €2.23 billion in 2022. Its EBIT (earnings before interest and taxes) was €210.2 million, an increase of 39.8% compared to €150.4 million in 2022.
It is worth noting that the EBIT margin for the year reached 8.6%, the highest level for the company since 2008.
Consolidated net profit (profit) was €107.7 million, an increase of 50.8% compared to €71.4 million in 2022.
The company said that these record results were achieved in a year of global uncertainty, rising interest rates, and high inflation. Factors contributing to the success include the easing of supply chain issues, the previous price increase measures taking effect, and the full utilization of production capacity.
The company said that the outlook for the future market is challenging, especially in the European region. However, the order backlog provides visibility until the end of the second quarter of 2024.
]]>Screenshots of short videos generated by Sora, OpenAI's new AI video generation model, have gone viral on the internet. The videos are characterized by realistic and smooth motion, as well as rich details. This marks OpenAI's first foray into the field of AI video generation.
According to the company, Sora utilizes the Transformer architecture to create realistic and imaginative scenarios based on text instructions. It can generate high-definition videos of various styles, aspect ratios, and up to one minute in length. In other words, by providing Sora with a few prompts, it can produce a high-quality short video.
Sora is also capable of generating videos from static images, extending existing videos, or filling in missing frames. OpenAI claims that Sora has a deep understanding of language, not only comprehending the user's text prompts but also the physical properties of the objects described.
"We are teaching AI to understand and simulate the physical world in motion, with the goal of training models that can help people solve problems that require interaction with the real world," the company said.
Applications of Sora in the Forklift Industry
1. Training and Skills Enhancement:
2. Maintenance and Troubleshooting:
3. Inventory Management and Product Tracking:
4. Safety Training and Real-time Monitoring:
5. Customer Service and Technical Support:
In conclusion, Sora has a wide range of potential applications in the forklift industry. It can help improve efficiency, safety, and customer experience. As the technology continues to develop, we can expect to see even more innovative uses for Sora in the years to come.
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According to the statistics of the China Construction Machinery Association on major excavator manufacturers, 12,376 excavators of various types were sold in January 2024, a year-on-year increase of 18.5%. Of these, 5,421 were sold domestically, a year-on-year increase of 57.7%; and 6,955 were exported, a year-on-year decrease of 0.73%. In January 2024, 12 electric excavators were sold (1 unit below 6 tons and 11 units between 18.5 and 28.5 tons).
]]>This slurry balance pipe jacking machine will be used for the municipal sewage treatment project in Bogotá, Colombia. The project spans approximately 2.1 kilometers, passing under the Bogotá River. It primarily traverses layers of sandy clay, clayey sand, and clay, with a tunnel roof depth ranging from 7 to 11 meters. The project faces engineering challenges such as poor stability in the geological layers, inefficient slurry removal in clay layers, limited space in small working shafts, and long single-drive distances.
To address these specific project characteristics, the research and development team at China Railway Construction Heavy Industry Group equipped the pipe jacking machine with several core proprietary technologies. For instance, the cutterhead features a small opening rate panel design, and the machine is powered by a high-speed, high-torque hydraulic drive system with a large flow circulation system, ensuring safe and efficient tunneling in complex geological conditions.
Currently, the machine is being disassembled and will be shipped to the construction site. After completing system assembly and commissioning, it will officially begin tunneling work. China Railway Construction Heavy Industry Group will continue to leverage its professional technical expertise, providing robust support for high-quality and safe tunneling in this project.
Adhering to the concept of “Space-Time for Technological Innovation”, China Railway Construction Heavy Industry Group has independently developed other pipeline construction equipment, including retractable pipe jacking machines, shield tunnel boring machines, rapid roof laying machines, and small-diameter tunnel boring machines, offering comprehensive intelligent technology and equipment for major global projects
Reference:https://www.cehome.com/news/20240204/307055.shtml
]]>Reference:https://www.cehome.com/news/20240128/306478.shtml
]]>According to the “2022-2027 China Construction Machinery Market Demand Forecast and Development Trend Outlook Report” released by the China Industry Research Institute, the domestic construction machinery industry was in a downward adjustment period in 2022. Coupled with the impact of factors such as the slowdown in the overall economic growth rate and the insufficient effective start-up rate of engineering projects, the domestic construction machinery market demand has been significantly reduced. In 2022, the operating income of construction machinery fell to 850 billion yuan.
Analysts at the China Industry Research Institute predict that the construction machinery market will gradually recover in 2023, with operating income reaching 917 billion yuan, and further increase to 9455 billion yuan in 2024.
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ZO Motors Holdings Limited, a leading innovative new energy commercial vehicle company, also known as “Da Xiang” or “ZO Motors,” announced that it has officially signed a comprehensive strategic cooperation agreement with Weichai New Energy Commercial Vehicle Co., Ltd. (“Weichai New Energy Commercial Vehicle”) to carry out comprehensive and in-depth cooperation in the production and manufacturing of new energy vehicles, joint development of products, and global sales. The two sides announced that they will use new energy products as the cooperative models,and use Weichai New Energy Commercial Vehicle’s third-generation pure electric platform as the basis to jointly develop left-hand and right-hand products suitable for regional market demands and sell them in global markets except China. In addition, Da Xiang has released its global brand strategy, and mass-produced models will be launched in Japan, the United States, South America, Southeast Asia, the Middle East and other markets in succession. Da Xiang’s team is composed of senior management personnel from several globally renowned vehicle and high-tech companies such as Tesla, Volvo, Toyota, Ford, and Rivian.
On January 17th, 2024, ZO Motors Holdings Limited, a leading innovative new energy commercial vehicle company, also known as “Da Xiang” or “ZO Motors,” announced that it has officially signed a comprehensive strategic cooperation agreement with Weichai New Energy Commercial Vehicle Co., Ltd. (“Weichai New Energy Commercial Vehicle”) to carry out comprehensive and in-depth cooperation in the production and manufacturing of new energy vehicles, joint development of products, and global sales. The two sides announced that they will use new energy products as the cooperative models,and use Weichai New Energy Commercial Vehicle’s third-generation pure electric platform as the basis to jointly develop left-hand and right-hand products suitable for regional market demands and sell them in global markets except China.
ZO Motors, a Japanese-originated smart electric commercial vehicle brand, is a wholly-owned subsidiary of Hong Kong-listed company Elephant Future Group (stock code 02309). The company is mainly engaged in the research, development, manufacturing, and sales of smart electric commercial vehicles.
Under the strategic agreement, ZO Motors will leverage Weichai New Energy Commercial Vehicle's product platform and production base to develop, manufacture, and sell ZO Motors-branded smart electric commercial vehicles. ZO Motors' commercial vehicles will be primarily sold in overseas markets, and will be launched in Japan, the United States, South America, Southeast Asia, and the Middle East in the near future. ZO Motors will also continue to explore deeper and more comprehensive strategic cooperation with Weichai New Energy Commercial Vehicle.
A global team of experienced executives with a global vision
Joost de Vries, CEO of ZO Motors, has over 35 years of experience in commercial vehicle manufacturing, operation, and management in North America, South America, the Middle East, China, and Japan. Prior to joining ZO Motors, he held various executive positions at leading automotive companies, including Volvo Trucks, Volvo Buses, Tesla, Mack Trucks, and Drone Automotive. He led the construction of Tesla's European assembly plant in the Netherlands and personally established Tesla's global after-sales service system. He also represented Volvo Buses in managing its joint venture bus business in China and establishing an SKD plant in Egypt. He is a truly global leader with a rare combination of experience in production, sales, and service.
Hedong He, Vice President of ZO Motors Future Group and President of ZO Motors Asia Pacific, has over 17 years of senior management experience in passenger car brands such as Mercedes-Benz, Lexus, Mazda, and Volkswagen, as well as commercial vehicle brands such as Auman, Dongfeng, Shaanxi Automobile, Sinotruk, and Jianghuai. He also operated regional central warehouses for after-market brands such as Cummins, Weichai, and Foton, with years of experience in after-sales service and spare parts operation management. He has also successfully founded several logistics and warehousing companies, with rich practical experience in industrial logistics systems, operation of new energy heavy trucks, charging networks, and the construction of IoT platforms.
Teruyoshi Teranishi, Chairman of ZO Motors Japan, has over 20 years of experience in global business operations and sales. Prior to joining ZO Motors, he served as Vice President of Resorttrust Inc., Japan's largest membership-based hotel and medical group, for Greater China. He also co-founded the Tokyo International Business Club with many well-known Japanese entrepreneurs and politicians. The club aims to serve as a bridge for cooperation between leading companies from Japan and other countries. For over 20 years, the club has provided services to over 1,500 international companies and has gained a wide range of contacts and recognition in the Japanese business and political circles.
“Since its inception, ZO Motors has established a complete global supply chain system and explored a complete set of production and manufacturing solutions based on its forward-looking vision, innovative technology, and experienced management team,” said Joost de Vries, CEO of ZO Motors. “We hope to make a greater contribution to the global commercial vehicle industry's zero-emissions and transportation industry's profitability improvement through our in-depth strategic cooperation with Weichai New Energy Commercial Vehicles. We will continue to create value for commercial vehicle owners and users.”
Making Green Affordable
As a technology-driven new energy commercial vehicle company, ZO Motors also unveiled its new logo and global brand strategy at the launch event.
CEO Joost de Vries said that ZO Motors has already embarked on a global expansion, with strategic deployments in the United States, Japan, China, Hong Kong, and Southeast Asia, and the establishment of corresponding regional headquarters.
ZO Motors' vision is to promote the electrification of commercial vehicles across the board, accelerate the replacement of green energy with traditional energy, assist customers in more efficient development through advanced green technologies, and work to protect the Earth's ecology. The company will focus on its smart new energy commercial vehicles, and combine with intelligent connectivity and autonomous driving technologies, to provide a more secure, efficient, and cost-effective full-ecosystem green intelligent logistics service chain for a variety of commercial vehicle customers, including logistics and transportation companies, e-commerce companies, and government public departments.
"This vision is not just a slogan!" said Joost. "Commercial vehicles emit the majority of tailpipe emissions, and their electrification is key to reducing tailpipe emissions pollution. ZO Motors' commitment to the development of green new energy commercial vehicles does not mean that we advocate for more expensive green. Relying on the sound global new energy industry supply chain and mature technologies, and leveraging Weichai New Energy Commercial Vehicle's global layout and international team, ZO Motors will provide commercial vehicle users with more economical green solutions than fuel vehicles, and create a more efficient, convenient, and advanced commercial vehicle operating ecosystem, making green affordable and truly driving the sustainable development of the Earth's environment."
Reference:http://www.6300.net/info/detail_238948.html
]]>According to the China Tire Business Network, Sailun, the only automotive parts enterprise, appeared at the entry ceremony of the China Automotive Wind Cloud Festival with many car companies. Sailun Group's liquid gold tire technology was shortlisted for the Jury Special Award.
This year's "China Automotive Wind Cloud Festival" is themed "Health". It focuses on the forefront of China's automotive industry development. With a rigorous screening mechanism, it selects the annual good cars that lead the development trend of China's automobiles and make consumers truly satisfied. It also showcases the major breakthroughs of independent brands in the field of core technology.
As the new energy vehicle market is developing rapidly, the tire industry, as a hidden and huge field in the automotive aftermarket, has attracted widespread attention from the industry for its innovative performance that adapts to the wave of new energy vehicles.
Sailun Group President Xiaohong Xie said that tires are the only components of a car that come into contact with the ground. In the past, it was impossible for tires to achieve both fuel efficiency, safety, and durability at the same time. This problem is known as the "devil's triangle" in the tire industry. Liquid gold tires, which use the world's first liquid mixing technology, break this problem.
Using liquid gold tires, the wear resistance can be improved by 20%-30%, the cruising range of electric vehicles can be increased by 40 to 60 kilometers, and the braking distance can be shortened by 7 meters compared to ordinary tires when braking at 80 km/h on wet roads. It also achieves the green and low-carbon of the tire's entire life cycle.
According to the China Tire Business Network, Sailun Liquid Gold passenger car tires include four series: EV series for new energy vehicles, luxury driving series, urban driving series, and ultra-high performance series. They can meet the specific needs of comfort and quietness, durability, sports handling, fuel efficiency, and environmental protection, and achieve high coverage of global mainstream high-end vehicle models.
In the past year since its launch, the sales of Sailun Liquid Gold tires have been rising steadily. In the actual use feedback of consumers, comfort, fuel efficiency, and handling have become the labels of liquid gold tires, and the excellent product power has been recognized by the market and users.
Reference:http://www.6300.net/info/detail_238755.html
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The conference featured keynote speeches and panel discussions, as well as a tour and exhibition. The attendees braved the cold weather and exchanged ideas with great enthusiasm. They visited Tongli Heavy Industry's Xipo Base assembly and manufacturing workshop and laboratory, and observed Tongli Heavy Industry's latest "large-scale, green, and intelligent" technologies and equipment, and felt Tongli Heavy Industry's cutting-edge R&D, production, and manufacturing capabilities.
Tongli Heavy Industry has been rooted in the mining transportation industry for 20 years, which can be said to be the 20 years of the development of the wide-body truck industry. In the field of non-road transportation solutions and equipment development, Tongli Heavy Industry adheres to the concept of "tailor-made development, lean manufacturing, and professional service", with technological innovation as the foundation, to provide users with economical and applicable mining transportation equipment and solutions, and continuously break through and lead the development of the industry. Currently, Tongli Heavy Industry has made great breakthroughs in the fields of new energy, unmanned driving, and large-scale transportation equipment, and is committed to building a professional and platform-based engineering machinery enterprise.
The conference was held against the background of the state's positioning of Xinjiang as a large clean energy base to be promoted in the "14th Five-Year Plan" and the 2035 Vision Goal Outline, the series of notifications and requirements issued by the state departments for mine safety production and high-quality development, and the guidance method for the "Three-Year Action Plan for the Construction of Intelligent Coal Mines in the Xinjiang Uygur Autonomous Region (2023-2025)" issued on August 10, 2023. It is hoped that the reports of the experts at the conference and the discussions of the leaders of the construction enterprises will point the way for the future development of mines in Xinjiang, and provide strong support for the transformation of mines and the realization of high-quality development.
Reference:https://www.cehome.com/news/20231225/303699.shtml
]]>On December 15, 2023, Sailun Tire announced that its wholly-owned subsidiary Sailun International Holding (Singapore) Pte. Ltd. (hereinafter referred to as "Sailun Singapore") has signed a joint venture agreement with Mexican company TD International Holding, S.A.P.I.DE C.V. (hereinafter referred to as "Mexico TD"). The two parties plan to establish a joint venture to invest $2.4 billion (about RMB 1.708 billion) to build a semi-steel radial tire project with an annual production capacity of 6 million tires.
According to the announcement, the registered capital of the proposed joint venture is $1.2 billion, with Sailun Singapore and Mexico TD holding 51% and 49% shares, respectively. The two parties will purchase the production capacity of the joint venture according to their respective shareholding ratios. Mexico TD will provide support for the administrative management, processing, and maintenance of external relations of the joint venture. The project construction period is 12 months.
Industry insiders believe that Sailun Tire's decision to establish a joint venture with a local Mexican company can effectively reduce investment costs, facilitate capacity digestion, and avoid trade risks. The deep involvement of the local company is conducive to the smooth progress of the project and the subsequent release of capacity. In addition, Mexico is located in the global market with more influence, and it is adjacent to the United States. "Landing" in North America may become a significant step in the company's global strategy.
Sailun Tire's Mexico Project: A Profitable and Strategic Move
Sailun Tire, a leading Chinese tire manufacturer, has made a significant move in its global expansion strategy. The company has announced plans to build a semi-steel radial tire factory in Mexico with an annual production capacity of 6 million tires. The project is expected to cost $2.4 billion (about RMB 1.708 billion) and will be completed within 12 months.
The project is expected to be profitable for Sailun Tire. According to the company's announcement, the project is expected to generate annual revenue of $2.19 billion (about RMB 15.61 billion) and net profit of $40.59 million (about RMB 2.89 billion) after it reaches full capacity. The project's after-tax payback period is estimated to be 6.33 years, and its net profit margin is expected to be 18.5%.
The local partner, TD International Holding, is a Mexican tire distributor with a strong network and local operating experience. The company's subsidiary, Tire Direct, is the largest tire distributor in Mexico. The partnership is expected to provide Sailun Tire with access to local markets and resources, as well as support for administrative management and external relations.
The project is also seen as a strategic move for Sailun Tire. The company is seeking to expand its presence in the North American market, which is the world's largest tire market. The project will allow Sailun Tire to serve North American customers more quickly and efficiently, and it will also help the company to comply with trade barriers and compete more effectively in the region.
In addition to the semi-steel radial tire production capacity, the joint venture is also considering building a 1.65 million-unit full-steel radial tire production line. This would help Sailun Tire to expand its presence in the North American original equipment market.
Mexico is a promising destination for tire manufacturers.
The country is located in North America, close to the United States, which is the world's largest tire market. Mexico also has a number of advantages, including a strong economy, a skilled workforce, and a favorable trade environment.
Sailun Tire is not the only tire manufacturer that is investing in Mexico. Other companies, such as Bridgestone, Continental, and Michelin, have also established factories in the country. The growing investment in Mexico is a sign of the country's potential as a global tire manufacturing hub.
Sailun Tire is a pioneer in overseas tire manufacturing. The company's success in Vietnam and Cambodia has demonstrated its ability to operate effectively in overseas markets. The Mexico project is a further step in the company's global expansion strategy.
The translation is accurate and comprehensive. It conveys the key points of the Chinese text, including the economic benefits of the project, the strategic importance of the project, and the advantages of Mexico as a location for the project.
Reference:http://www.6300.net/info/detail_238443.html
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At the symposium, participants shared their business plans for 2024 and discussed specific implementation plans for their strategies.
In his opening remarks on December 4, Hyundai Vice Chairman Ki-seon Chung said, “We need to reflect on and validate the business strategy and market outlook of our core business segment, construction equipment. I expect that through discussion and exchange, we will be able to identify strategic issues and determine our business plans for next year.”
Subsequently, Young-cheol Cho, CEO of Hyundai Xite Solution, presented the company’s 2024 comprehensive business plan for construction equipment. In the ensuing symposium, participants discussed specific strategic topics, including integrated model development and differentiation strategy, product line expansion plans, strengthening industrial vehicle competitiveness, the smart construction equipment product roadmap, and new technology development.
Of particular note, Hyundai Construction Equipment plans to expand its Compact product line (small construction equipment) and establish a dedicated organization, as well as expand and integrate the operations of its Customizing Centers in North America and Europe.
To strengthen a sense of belonging to Hyundai and reinforce the team spirit for a Top-tier leap, 25 local hiring managers from the three construction equipment companies in seven countries, including the United States, Belgium, the Czech Republic, Norway, Indonesia, China, and India, also attended the symposium in South Korea.
In addition, 53 local hiring managers and headquarters staff from 10 countries, which account for more than 85% of the global sales of the three construction equipment companies, participated in a lively discussion on how to achieve their business goals. In order for overseas visitors to understand the company culture and the Korean environment, Hyundai’s value system was explained and a tour of the Ulsan factory was arranged.
In his speech at the symposium, Young-cheol Cho said, “I believe that now, based on stability and with internal cohesion fully consolidated, is the right time to make a strong drive. We should unite the strength of all three companies and compete in the global market with high-quality products.”
Hyundai Construction Equipment has been holding regular global symposiums since last year to share business plans with core personnel from overseas subsidiaries and jointly discuss strategic plans for achieving their goals.
Reference:
https://www.cehome.com/news/20231210/302390.shtml
]]>Michelin has been focusing on the electric vehicle (EV) ecosystem, and the company showcased its EV-related products for the first time at the exhibition. The charging products were a highlight of the show. Michelin's four charging products, including the home charger, all-in-one charger, portable charger, and discharge rack, cover a variety of usage scenarios, such as home, portable, and outdoor, meeting the market demand for efficient and convenient charging solutions. The EV fireproof film is another highlight. It is an auxiliary protective material designed to cope with thermal runaway in EVs. It is made of a composite of specially treated engineering fibers and aerospace-grade high-performance heat-resistant materials, providing a safety shield for drivers and passengers. Michelin has been a pioneer in the EV market, having launched its electric vehicle tires in China in 2021. With the launch of EV-related products, Michelin will offer a more comprehensive and complete product line for EVs.
Comfortable driving is a key consumer demand, and Michelin is committed to meeting this need. In 2022, Michelin launched its first full-coverage floor mats, which feature an upper layer made of antibacterial materials and a lower layer made of unique TPO eco-friendly materials for added safety and durability. Michelin also offers a range of other products to enhance comfort, including memory foam lumbar supports, neck pillows, seat cushions, phone holders, and car vacuums.
In the maintenance and repair category, Michelin showcased a number of new products at the show, including window film, paint protection film, air filters, car-mounted smart essential oil systems, and high-performance aluminum alloy valve caps. These products help to protect vehicles from the inside out, improving both the driving experience and safety. It is worth noting that Michelin's transmission system product line is constantly expanding, now covering industrial belts, agricultural belts, and motorcycle belts.
The travel safety category showcased the full range of Michelin air pumps. Michelin air pumps have been selling well in the Chinese market for many years, and have been well-received by consumers for their wide product line and professional product development capabilities.
In the beauty and cleaning category, Michelin's line of automotive care products was further enriched this year, showcasing products such as air conditioning cleaning kits, dashboard waxes, rust removers, component cleaners, and multi-purpose foam cleaners.
Michelin started with tires, but it is not limited to tires. Michelin's automotive accessories business line has been developing products and solutions since its creation in 2000, and is sold to all over the world through industry-leading automotive parts chain stores and independent retail stores. In the future, Michelin automotive accessories will continue to accelerate its development in the Chinese market, expand its e-commerce and offline omni-channel distribution network, focus on the development of EV peripherals, and explore new product categories beyond automobiles, such as two-wheeled vehicles and lifestyle fashion.
Reference:http://www.6300.net/info/detail_238220.html
]]>Florent Menegaux, CEO of Michelin Group, attended the groundbreaking ceremony and said, "China is one of Michelin Group's important markets with unlimited opportunities and potential. As China moves towards high-quality development, the demand for green and intelligent products from the travel industry and consumers is constantly increasing, which also creates more opportunities for Michelin's further development in China. As an important tire production base for Michelin in China, the Michelin Shanghai Factory has always upheld the group's vision of "Everything Is Sustainable." With the smooth progress of this expansion project, I believe that the Shanghai Factory will continue to meet the needs of consumers in the Chinese market with more high-quality and high-performance products in the future."
Michelin Shanghai Factory was established in 2001 and is one of Michelin's two major tire production plants in China, as well as the only production base in the East China region. In recent years, Michelin Shanghai Factory has actively promoted the construction of a green intelligent manufacturing system, cleverly blending elements such as innovative concepts, intelligent production, collaborative development, and environmental protection, and exploring a new path for the transformation and upgrading of traditional manufacturing. In 2021 and 2022, Michelin Shanghai Factory was successively awarded the "Shanghai Green Manufacturing System Demonstration Unit", "Minhang District Intelligent Factory" and "Shanghai Intelligent Factory".
In order to further improve the level of green intelligent manufacturing and provide the market with more energy-saving and environmental-friendly high-performance radial tires, Michelin began to implement the high-performance radial tire expansion project in 2021. In March 2021, the first phase of the project was launched, including technical renovation of the existing radial tire production line, construction of new spare parts and mold warehouses, introduction of automated storage devices, upgrading of the existing production line logistics system, improving the layout of the existing workshops, and improving the efficiency of semi-finished products and finished products. In addition, Michelin also eliminated bottleneck processes through the purchase and modification of equipment. The first phase of the project has been completed and accepted. After production, the factory's annual production capacity has been increased from 7 million to 8.5 million. The second phase of the project plans to further expand the production capacity of high-performance, high-value radial passenger car tires in stages based on the first phase, while realizing efficient, clean and flexible production.
Looking to the future, Michelin Shanghai Factory will also actively build a "zero-carbon factory" in response to the group's "Leadership 2030 Strategy" on reducing carbon emissions: by 2030, carbon emissions in production and energy will be reduced by 50% from 2010, and by 2050, carbon neutrality will be fully achieved in production, energy, and transportation. It is worth noting that Michelin Shanghai Factory's overall carbon emissions have already been reduced by 83% compared to 2010.
Reference:http://www.6300.net/info/detail_238100.html
]]>The forum was hosted by the BRICS Innovation Base Industry Innovation Alliance, and co-organized by the International Economic and Technical Cooperation Center of the Ministry of Industry and Information Technology, China General Technology (Group) Holding Limited, the Office of the Leading Group for the Construction of the BRICS Innovation Base in Xiamen, and the People's Government of Huli District, Xiamen.
Sany Group Party Secretary, Rotating Chairman, and Sany Heavy Industry Chairman Xiang Wenbo was invited to attend the forum and delivered a keynote speech as the vice chairman of the BRICS Innovation Base Industry Innovation Alliance.
Xiang Wenbo said that this year marks the fifth anniversary of the proposal of the "BRICS New Industrial Revolution Partnership" by President Xi Jinping. Through high-quality partnerships, BRICS cooperation injects more certainty, stability, and positive energy into the world.
As a leading global engineering machinery manufacturer, Sany Group has actively implemented and participated in this major historical process of BRICS cooperation. BRICS countries, as representatives of emerging market countries and developing countries, are experiencing strong economic growth and rapid infrastructure development, which is a historical opportunity that Sany cannot afford to miss.
He introduced that in order to seize the opportunities of the new era and the new technology revolution, Sany is implementing a globalized, low-carbonized, and digitalized transformation strategy. Among them, globalization is the top priority, urgent and important. The group needs to transform from the past export of products to the integration of global resources to support globalized business. BRICS countries have become important engines of the global economy. Sany will strengthen cooperation with BRICS countries to jointly promote local infrastructure construction and high-quality economic development. In BRICS countries, Sany has participated in the construction of many major infrastructure projects, including the Red Sea project and King Salman Park in Saudi Arabia.
Among them, the BRICS New Industrial Revolution Partnership focuses on pragmatic cooperation, especially in the field of green development. Sany regards low-carbonization as an important strategy for the group's development. On the one hand, it has achieved the electrification of products, establishing parallel electric vehicle departments in all business departments, and focusing on the development and promotion of electric vehicle products. On the other hand, it has comprehensively laid out the new energy industry, entering the wind, solar, hydrogen, energy storage, and new energy battery industries, and taking new energy as the main direction for drawing up the second growth curve of Sany's business.
In 2022, Sany (including Pumi) sold 14,500 units of equipment in BRICS countries such as Brazil, India, and South Africa, with sales of over 13 billion yuan.
In the first three quarters of this year, Sany sold another 14,500 units in BRICS countries, with sales of over 14 billion yuan, exceeding last year's full year, accounting for about 40% of the group's overall overseas sales for the period.
The cooperation between BRICS countries has broad prospects and promising future development. Sany will seize this historical opportunity and, through the BRICS Innovation Base Industry Innovation Alliance, share resources, share wisdom, and share opportunities, and contribute to the realization of the cooperation vision of the "second golden decade" of BRICS countries.
Reference:https://www.cehome.com/news/20231118/299682.shtml
]]>Forklifts: Important Equipment for Logistics and Warehousing
Forklifts have the characteristics of strong versatility, mobility, and wide range of activities. They can realize mechanized logistics operations, reduce the labor intensity of workers' lifting, and improve work efficiency. In the logistics system of an enterprise, forklifts play a key role. Especially in warehousing logistics, forklifts not only undertake the processes of stocking, picking, and transporting in the warehouse, but also connect the processes of loading and unloading between warehousing and transportation. They are used frequently and have high working intensity. They are the main force of material handling equipment.
Therefore, the efficiency of forklift operations directly affects the efficiency and safety of warehousing logistics.
Customers Appreciate, All-diesel Engine Power Builds Reputation
The rapid expansion of the logistics and warehousing industry and the demand for efficiency improvement are driving the growth of the forklift market. At the same time, with the continuous upgrading of domestic environmental regulations, the forklift market competition is becoming increasingly fierce. Domestic and foreign complete machine enterprises are increasingly demanding to reduce costs and increase efficiency, and they are putting forward higher requirements for the quality of matching products.
In the field of power matching, all-diesel Power, as a leading brand in the internal combustion engine industry, is a trusted power supplier for domestic leading forklift equipment such as Anhui Heli, Loonggong, Liugong, Jianghuai, and Tailift. Over the years, it has accumulated a good reputation in the industry with its excellent product and service capabilities.
At the provincial-level logistics demonstration park Jiangsu Lingjiatang Logistics Center, various companies are fighting the peak of receiving and shipping goods for "Double Eleven". In this logistics park, Loonggong forklifts and Tailift forklifts are widely used, and the power for them is provided by all-diesel engines.
A Loonggong after-sales service staffer says all-diesel-powered Loonggong forklifts have very low fault rates and only need routine maintenance. A Loonggong forklift equipped with an all-diesel 4C2 engine has been in service for 7 years and still has a high attendance rate. Another logistics point manager says that all-diesel engines are more fuel-efficient than other brands, saving about 200-300 yuan per month on average.
Forklift drivers also praise all-diesel engines said:“I’ve been working in the forklift industry for six years. I usually operate this Tailift forklift for 10 hours a day, and I feel that the power is strong, the load is stable, and there is almost no smoke or noise. It has greatly improved my work efficiency. There is no problem with the forklift equipped with all-diesel power!”
All-diesel Power Creates Hardcore “Core Power” for Forklift Equipment
According to Forklift Network, in the first half of 2023, All-diesel Power’s forklift dedicated engine sales remained in a good state despite market changes. The market share has also been steadily increasing. Among them, the all-diesel forklift dedicated engines V29, V35, and S45, which are among the top three in sales, have focused on user needs and have been highly recognized by users with their outstanding product performance advantages such as strong power, low fuel consumption, and low noise.
All-diesel S45 Forklift Dedicated Engine
We believe that in the future, all-diesel will continue to focus on users, with the mission of energy conservation and environmental protection and quality acceleration. It will continue to bring more valuable power solutions to the logistics industry and inject endless “core power” for the green and high-quality development of China’s forklift industry!
Reference:http://www.6300.net/info/detail_237805.html
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Nearly 700 customers attended the event, which featured a wide range of products and technologies from Schaeffler's low-carbon drive, chassis, and future mobility divisions.
Schaeffler's China-based teams developed many of the innovative technologies on display, highlighting the company's growing local R&D capabilities.
Schaeffler is committed to the Chinese market and is expanding its local R&D and manufacturing capabilities to better meet the needs of Chinese customers.
Shanghai and Suzhou, China, November 3, 2023 /PRNewswire/ -- Global trends such as climate change, population growth, and digitalization are having a profound impact on society, including the transportation sector.
At the 2023 Schaeffler China Technology Symposium in Suzhou on November 1-3, nearly 700 customers from the automotive industry had the opportunity to experience Schaeffler's latest research and development achievements and technology applications for future mobility.
"People's mobility needs are growing, and Schaeffler is committed to using innovative technologies to make mobility more efficient, intelligent, and sustainable," said Mads Jacobsen, CEO of Schaeffler Automotive Technologies. "Achieving this vision requires collaboration across the entire industry. Through this important event, we not only want to showcase Schaeffler's latest technologies, but also to use this opportunity to strengthen our cooperation with customers."
Schaeffler's technology symposiums are held every four years, and this year's event was the 12th. The event has grown from a small gathering of about 50 customers in 1978 to a major event for Schaeffler's customers in Germany, the United States, Japan, and China.
At the 2023 Schaeffler China Technology Symposium, Schaeffler's technology experts showcased the company's technical expertise and innovation in low-carbon drive, chassis, and future mobility through more than 10 technical presentations, a variety of exhibits, and on-site test drives.
Electrified powertrain solutions
Since the establishment of its independent e-mobility division in 2018, electrified solutions have been one of Schaeffler's core business areas. In 2022, Schaeffler received new orders worth 5 billion euros in the e-mobility sector, bringing the company's cumulative order bookings in this area to 16 billion euros since 2018. This is a strong testament to Schaeffler's success in the e-mobility sector.
"The global electric vehicle market is accelerating," said Jacobsen. "Schaeffler expects that by 2030, 80% of new passenger cars worldwide will be electrified, including hybrid and battery-electric vehicles. In China, the electrification process is even faster, and we expect this ratio to exceed 90% by 2030. Schaeffler is well-prepared for this development, and we can provide comprehensive solutions from single components to complete systems to meet customer needs."
Electric axles are an important part of Schaeffler's electrified solutions and play a key role in the company's e-mobility business growth. In this product area, Schaeffler innovatively launched a coaxial electric axle solution during the development of its first-generation electrification technology, which was put into mass production in 2018. Based on this foundation, Schaeffler has been continuously expanding its product portfolio for electric axles to meet the requirements of e-mobility technology in terms of high voltage, high system efficiency, high power density, and high integration. For example, Schaeffler's four-in-one electric axle integrates an electric motor, controller, and coaxial reducer, as well as a thermal management module. This makes the entire system more efficient, compact, and energy-efficient, which can further improve the range and ride comfort of electric vehicles. Schaeffler's high-performance dual-motor electric axle system based on a coaxial reducer further increases power density, and combined with the vehicle's torque vectoring control, performance is maximized.
Schaeffler's core strength in the electrification sector also lies in its electric motors, which are essential components of electric axles and hybrid modules. Based on its core competitiveness in industrialization, Schaeffler can provide a wide range of products for customers, including asynchronous motors and permanent magnet synchronous motors, axial flux motors for sports cars, and brushless synchronous motors."Only this year, we have launched seven electric motor customer projects, three of which are from China," said Mads Jacobsen. "This shows that our products are widely recognized by customers."Schaeffler will invest more than €500 million in the global expansion of electric motor production capacity and the construction of new production lines by 2026.
Innovative Chassis Applications and Future Mobility
In addition to electrified powertrain solutions, Schaeffler is also helping the automotive industry move towards autonomous driving through innovative chassis application technologies, actively shaping the future of mobility. "Achieving driverless future mobility is also one of Schaeffler's core innovation areas," said Mads Jacobsen. In this area, Schaeffler's innovative products include leading line-control technology, which is also an essential core technology for achieving future autonomous driving.
At the symposium, Schaeffler showcased the unique advantages of this innovative technology through the HWA (steer-by-wire) and RWA (wheel-end steering). Line-control steering completely eliminates mechanical connections, not only can it achieve different steering control strategies, but also creates unlimited possibilities for new cockpit design. Schaeffler plans to start production of key components of the line-control steering system around 2025, and then will launch a fully integrated complete line-control steering system.
Schaeffler's innovative products in the chassis application field also include the electromechanically integrated rear wheel steering system, which has already been mass-produced and applied to a pure electric SUV model of a global well-known automaker. Schaeffler's rear-wheel steering system can improve the handling and flexibility of the vehicle in urban traffic, improve lane change stability, and make parking easier and more comfortable. Thanks to Schaeffler's planetary roller screw technology, the product is more compact, lighter, more efficient, and quieter than similar products on the market.
Schaeffler's vision of shaping the future of mobility is not only achieved through its own technological advantages, but also through strong partnerships. At the IAA Munich Motor Show this year, Schaeffler announced a partnership with Dutch company VDL Groep to jointly develop and produce a new generation of autonomous shuttle buses for public transportation. The two companies will also work with Mobileye, which will provide autonomous driving systems for the shuttle buses. At the Shanghai Auto Show this year, Schaeffler signed a mass production cooperation agreement with the autonomous truck company Zhijia Technology to develop and produce electric power steering systems for it. The two companies work together to promote the application and innovative development of intelligent driving technology for heavy trucks.
In China, for China: Continuously strengthening local R&D and production
Since entering China for investment and production in 1995, Schaeffler has always adhered to the strategy of localization development, actively serving local customers and markets. This year, Schaeffler's second R&D center in China was officially opened in Changsha, and the new R&D building at Schaeffler's headquarters in Shanghai Anting was officially put into use, further enhancing Schaeffler's local R&D and innovation capabilities in China. Since the establishment of the R&D center in China, Schaeffler's local R&D team has been continuously improving its capabilities, from application development to basic research, from introducing advanced foreign technologies to China, to local independent innovation. It has become an important part of Schaeffler's global technology capabilities.
Among the many technologies showcased at the symposium, there are many innovative technologies that are led by local teams in China and are facing the Chinese market, including the already mass-produced two-in-one electric axle, hybrid module, and the intelligent electrohydraulic power steering system (e2HPS) for commercial vehicle autonomous driving. The variable damping damper (VDS) is a new product developed by Schaeffler's local team. This product is used in the vehicle's suspension system and provides multiple technical routes for customers to choose from. It can not only improve the comfort of the vehicle, but also make driving more fun. With its outstanding industrialization capabilities and local production layout, Schaeffler's innovative products in the fields of electric drive and intelligent driving are being mass-produced in China. In addition to Schaeffler's in-wheel motors and flat wire motors, which were mass-produced this year, Schaeffler's intelligent electrohydraulic power steering system and highly integrated thermal management system will soon be mass-produced. Schaeffler's innovative electromechanically integrated rear wheel steering system production line has been successfully transferred from Germany to Schaeffler's Xiangtan factory and is about to start mass production.
Dr. Chen Xiangbin, President of Schaeffler's Automotive Technology Business Unit in China, said: "Schaeffler is always committed to becoming the preferred technology partner for customers. With its rich innovative products, leading technologies, and deepening local capabilities, Schaeffler can quickly and flexibly respond to customer needs, and work with customers to shape the future of sustainable mobility."
Schaeffler develops comprehensive solutions for electrified powertrains, from single components to complete systems (illustrated by motor component development)
(Schaeffler has leading motor stator winding manufacturing technology, and is one of the few companies in the world that masters stator winding technologies such as hairpin winding and wave winding)
(Schaeffler's rear-wheel steering system has been put into production and is applied to a pure electric SUV model of a global well-known automaker)
Reference:http://www.6300.net/info/detail_237613.html
]]>Rental Rate Index of Aerial Work Platform Leasing Industry in September 2023
Rent Price Index
According to the reported data statistics, the rent price index of aerial work platforms in September 2023 decreased by 2.75% month-on-month. The rent price indexes of all types of machines participating in the statistics showed different degrees of decline month-on-month, among which 8-12m had the largest decrease of 8.36%, and 30-35m rent price index slightly declined, basically remaining stable. The rent price index of aerial work platforms in September decreased by 7.61% compared with the same period in 2022. The rent prices of all types of machines showed a general downward trend year-on-year, among which ≤6m and above 40m had the largest year-on-year declines, both exceeding 11%.
Rent Price Index of Aerial Work Platform Leasing Industry in September 2023
Starting from August, the Construction Machinery Leasing Branch optimized the calculation method and statistical application of the aerial work platform prosperity index according to the needs of data statistics work, revised the existing data, and added a new indicator: payment cycle. In the later stage, it will continue to improve the statistical indicators and methods, in order to more scientifically and accurately reflect the market situation for reference by industry enterprises.
]]>The “Engineering Machinery Market Index” is based on the operation of engineering machinery equipment, by analyzing the average working hours, working rate and other key indicators of one or more typical and representative engineering machinery products, to timely and effectively reflect the changes in the situation of various construction fields and the construction situation and regional construction heat of various provinces and cities, and then to accurately judge the development trend of various regions and industries closely related to it.
Lv Ying, deputy secretary-general of the China Construction Machinery Industry Association, explained the “Engineering Machinery Market Index” work plan, saying that at present, the China Construction Machinery Industry Association has joined forces with member enterprises such as Xugong to initially select seven categories and 12 types of engineering machinery products. The average working hours, working rate and other indicators were used to carry out the first engineering machinery market index analysis.
As early as 2005, Xugong began to try the application of engineering machinery Internet of Things technology. With the help of Internet of Things technology and big data analysis, it monitored every construction and every action of engineering machinery equipment in real time. The “Engineering Machinery Market Index” came from the big data analysis of a large number of equipment.
As the first self-developed industrial Internet platform in China, Xugong Hanyun Industrial Internet Platform has continuously carried 1.5 million high-end value-added equipment. Its start-up data forms a large data resource pool, uploading more than 200 million pieces per day. The annual increase in data volume exceeds 1PB. It monitors the real-time dynamics of engineering machinery-related industries and can accurately and timely reflect the economic environment operation.
In the future, Xugong will take the opportunity of launching the “Engineering Machinery Market Index” mechanism to further strengthen cooperation with the China Construction Machinery Industry Association, continue to increase research and development investment, continuously improve product intelligence level, and promote continuous innovation and development of China’s engineering machinery industry.
]]>MAXAM reached a long-term strategic cooperation with Indonesia’s largest mining company
On September 21, MAXAM, the special tire brand under Sailun Group, signed a long-term strategic cooperation agreement with PT Pamapersada Nusantara (hereinafter referred to as “PAMA”), Indonesia’s largest mining company. Chinthya Theresa, Vice President of PAMA, and Zhou Bo, General Manager of Sailun Group’s Asia Region, signed the agreement on behalf of both parties.
PAMA was established in 1991 and is now the largest mining company in Indonesia. Its headquarters is ASTRA International Group, which covers businesses in mining, equipment, transportation and other fields. The group is also the exclusive agent of TOYOTA in Indonesia. PAMA has 4 offices and 17 mines in Indonesia, with an annual demand of about 8,000 to 10,000 pieces of 27.00R49 products, which has huge market potential.
The signing of this strategic cooperation agreement further deepened the cooperative relationship between MAXAM brand and PAMA, the largest giant tire user in Indonesia, and continued to promote the business growth of both parties in mining tire products. It also laid a good foundation for Sailun Group to continue to explore the Indonesian and Asian markets. PAMA said that it looks forward to further strategic cooperation with Sailun Group in the future.
Sailun’s special tire brand MAXAM appeared at the Indonesian Mining Exhibition
From September 13 to September 16, the Jakarta Mining Exhibition (MINING INDONESIA) was grandly held. Many special tire enterprises from China, Russia, Vietnam, Dubai, Japan, Korea, Malaysia, Bangladesh and other countries participated in the exhibition. MAXAM, the special tire brand under Sailun Group, appeared at the exhibition.
This exhibition is not only the largest and most influential mining equipment exhibition in Indonesia, but also one of the largest mining exhibitions in Asia. At the exhibition, MAXAM brand brought five most representative products: 46/90R57 MS440, 23.5R25 MS301, 16.00R25 MS419, 14.00R25 MS401 and 12.00R24 MS401. It not only improved Sailun Group’s brand image in the international market, but also won wide influence for Chinese special tire brands in Southeast Asia and Asia.
During the exhibition, many industry-leading enterprises came to visit and negotiate. They included large engineering machinery manufacturers such as Sanyi and Xugong, as well as large mining companies from Indonesia such as PT Pamapersada Nusantara (PAMA), PT Bukit Makmur Mandiri Utama (BUMA), PT Amman Mineral Nusa Tenggara (AMNT), PT Saptaindra Sejati (SIS) and so on. In addition, Sailun Group’s strategic partner in Indonesia also brought Sailun brand all-steel mine flower products to the exhibition.
The outstanding performance in the Indonesian market fully demonstrated Sailun Group’s excellent R&D strength and product quality in the field of special tires. Sailun Group will continue to adhere to technological innovation, actively expand overseas markets, strengthen communication and cooperation with global users, and win more reputation and market share in the international market.
Reference:http://www.6300.net/info/detail_237126.html
]]>Riyadh, Saudi Arabia, October 4, 2023 /PRNewswire/ – The Saudi Ministry of Industry and Mineral Resources announced that more than 200 speakers, including the CEOs of the world’s most important mineral companies, will attend the third Future Minerals Forum (FMF) to be held at the King Abdulaziz International Convention Center in Riyadh from January 9 to 11, 2024.
Among them are first-time speakers: Gary Nagle, CEO of Glencore, which produces and sells more than 60 commodities; Eduardo Bartolomeo, CEO of Vale, the world’s largest producer of iron ore, nickel and manganese; Máximo Pacheco, chairman of Codelco, the world’s largest copper mining company; Mark Cutifani, chairman of Vale’s base metals division, the world’s largest producer of iron ore pellets and nickel; Evy Hambro, managing director and global head of thematic and sector at BlackRock, the world’s largest asset management company; Jonathan Price, CEO of Teck, Canada’s leading mining company; and Mikael Staffas, president and CEO of Boliden, a Swedish multinational metal, mining and smelting company.
FMF 2024 will also see the return of several speakers, such as Robert Friedland, founder and co-executive chairman of Ivanhoe Mines; Mark Bristow, CEO of Barrick Gold; Andrew Southam, CEO of KAZ Minerals; and Joc O’Rourke, president and CEO of Mosaic.
“FMF is a government-led initiative that is also an important platform for fostering cooperation among global investors, mining companies and stakeholders. Focusing on the broad region covering Africa, West Asia and Central Asia, FMF amplifies the voice of mineral suppliers and promotes their key role in the global green transformation. In the process, FMF supports economic development by bringing together decision-makers, driving investment, promoting responsible mining, processing and manufacturing to supply clean energy and commodities needed by the world.” Khalid Al-Mudaifer, Deputy Minister for Mining Affairs at the Ministry of Industry and Mineral Resources said.
The planned topics for the third conference will cover developing global strategies for critical minerals, promoting investment in the region to develop value chains within it, building centers of excellence to enhance talent capabilities, developing sustainability standards that meet host country requirements and maintain social trust, and creating green metal hubs in the region.
-06.10.2023
]]>Around the theme of “Digital Efficiency, Green Reliability”, Shanxi Tongli Heavy Industry New Energy Intelligent Technology Co., Ltd. (hereinafter referred to as “Tongli Technology”) participated in this grand event as a wholly-owned subsidiary of Tongli Shares.
During the exhibition, visitors flocked to the Tongli Technology booth, and on-site guests enthusiastically consulted and exchanged views on Tongli Technology’s new energy and unmanned driving products, and learned about Tongli Technology’s comprehensive solutions for the engineering transportation field. At the same time, Tongli Technology actively communicated with Tagore Intelligent Travel, Huituo Infinite, Main Function and other domestic leading intelligent mining unmanned field solution providers, discussed the development trend of green and intelligent development, sought sustainable development future, and aspired to contribute to the construction of intelligent mining ecosystem.
During the same period of the exhibition, Tongli Shares’ representatives actively participated in various forum meetings and activities, learned about the new momentum and new opportunities of the industry through the cooperation and exchange platform provided by the organizing committee, and effectively promoted the brand enhancement and market expansion of the enterprise.
Tongli Technology, as the focus of Tongli Heavy Industry’s layout of new technologies and new forms of business for wide-body vehicles, relying on the complete non-road wide-body dump truck industry chain and industry ecological advantages of the shareholding company, can provide customers with professional new energy intelligent wide-body vehicle solutions, through the integrated management, operation, maintenance, and disposal solutions of “new energy intelligent product customization + charging and swapping facilities + operation management platform + financial scheme”, matching different customer application scenarios, actively supporting customers’ transformation and upgrading of “green, intelligent and safe mine” construction, and helping customers create a smart green benchmark mine with demonstration effect.
Adhering to innovation leadership, Tongli Technology focuses on the diversified layout of new energy and power system technology routes, and promotes the development of electric and energy-saving products. At present, it has built a full-path new energy intelligent system covering electric energy, methanol and hydrogen energy, plug-in pure electric drive, battery swap pure electric drive and hybrid drive hybrid series combination and unmanned driving version. The products are distributed and operated in nearly 60 mines in various regions such as coastal, tropical, cold and plateau areas, contributing to energy saving and carbon reduction and green intelligent mine construction, and creating considerable benefits for society.
In recent years, Tongli Heavy Industry has closely followed the trend of high-quality development of mines and the national environmental protection industry policy. In the development journey of new energy intelligent wide-body vehicles, it has started from scratch, grown continuously, and continuously led the high-quality development of the industry. Starting from the original development of the industry’s first non-road wide-body dump truck TL3400 in 2004, Tongli Heavy Industry developed the industry’s first pure electric non-road wide-body dump truck in 2014, promoting the green mine construction to move towards safety, efficiency, low consumption and emission reduction. In 2017, it developed the industry’s first wire-controlled wide-body dump truck, opening up the research and development and manufacturing of unmanned driving technology in the wide-body vehicle industry. In 2021, it launched the industry’s first hydrogen fuel range extender non-road wide-body dump truck, providing scientific and technological support for the green, low-carbon and high-quality development of the industry. In 2022, the industry’s first methanol hybrid non-road wide-body dump truck was launched by Tongli Heavy Industry, further expanding the new energy product spectrum and building a safe, green and comprehensive new energy intelligent product system.
Since 2022, Tongli Heavy Industry has accelerated its green and intelligent transformation, further deepened its “new energy strategy”, established a subsidiary Tongli Technology, and continuously expanded its new energy intelligent product spectrum, covering the full range of products. In the first half of this year, the sales revenue of new energy intelligent products increased by 100% year-on-year, and with a continuous upward market momentum, it helped the new energy intelligent transformation to advance further and continue to lead the industry.
During the exhibition, the organizing committee awarded Tongli Heavy Industry with two honors: “Influential Enterprise in Engineering Machinery Industry” and “Major Engineering Application of Engineering Machinery Products”, and its brand value and influence continued to increase.
In the future, Tongli Technology will continue to deepen the field of new energy intelligence, develop more products that represent the industry’s cutting-edge and revolutionary, accelerate the realization of product strategic transformation and upgrading and enterprise high-quality development goals, and strive to provide a strong boost for the green and intelligent mine transformation.
Reference:
“智”领革新 “绿”塑未来 | 同力科技智慧绿色矿山运输解决方案亮相BICES 2023_铁甲工程机械网 (cehome.com)
Wang Weiming said that from January to July, the equipment industry maintained a good development momentum and strongly supported the stable growth of industry. Data show that from January to July, the added value of the equipment industry increased by 8.9% year-on-year, 5.1 percentage points higher than that of large-scale industry; the operating income and total profit of large-scale enterprises in the equipment industry increased by 7.5% and 14.1% year-on-year respectively, 8 percentage points and 29.6 percentage points higher than that of large-scale industry; The export delivery value increased by 10.9% year-on-year, 15.8 percentage points higher than that of large-scale industry.
“Considering that the operating income of the automobile and power equipment industries account for about 30% of the equipment industry respectively, they have a large volume, a high proportion, and a great role in stabilizing the growth of the equipment industry. At the same time, the development of the industry has distinctive characteristics. The Ministry of Industry and Information Technology separately prepared work plans for stabilizing the growth of the automobile and power equipment industries.” Wang Weiming also introduced that the work plan for stabilizing the growth of the machinery industry mainly focuses on 11 sub-industries such as machine tools, agricultural machinery, engineering machinery, instruments and meters, robots, rail transit equipment, medical equipment, mechanical basic parts, cultural office equipment, food packaging machinery, and other civil machinery. It involves 7 major categories of national economy, 36 middle categories and 108 small categories.
Wang Weiming pointed out that next, the Ministry of Industry and Information Technology will work with relevant departments to strengthen overall coordination, create a favorable environment, speed up the implementation of work plans for stabilizing the growth of machinery, automobiles, and power equipment industries, and promote stable growth of equipment industry.
On one hand, support equipment manufacturing enterprises to carry out key core technology research and development, intelligent green transformation. Give full play to the role of national production-finance cooperation platform, guide financial institutions to increase credit support, comprehensively use various financial tools, and improve financial service quality and efficiency.
On another hand, strengthen monitoring and scheduling. Use information platforms such as “Digital Industry” to strengthen monitoring of economic operation of equipment industry, conduct in-depth investigation and research, timely coordinate and solve difficulties and problems faced by development of industry enterprises.
In addition, strengthen departmental coordination, promote establishment of central-local linkage and consultation exchange mechanism, coordinate and solve major issues. Encourage localities to base themselves on reality and introduce targeted policies for stabilizing growth in their regions. Give full play to role of industry organizations in service and support, build industry exchange exhibition platform, strengthen supply-demand docking.
]]>During the reporting period, XCMG Machinery achieved domestic revenue of 30.3 billion yuan, a year-on-year decrease of 20.46%; overseas revenue of 20.9 billion yuan, a year-on-year increase of 33.49%, accounting for 40.75% of the total revenue, up from 29.07% in the same period last year, setting a new record.
The Paper learned that in the first half of this year, domestic construction machinery was still in a downward cycle, domestic demand continued to decline year-on-year, and industry demand mainly relied on overseas markets.
According to statistics from the China Construction Machinery Industry Association on major excavator manufacturers, in the first half of this year, a total of 108,818 excavators were sold, a year-on-year decrease of 24%. Of these, 51,031 were domestic, a year-on-year decrease of 44%; and 57,787 were exported, a year-on-year increase of 11.2%.
By product, during the reporting period, XCMG Machinery’s crane machinery business revenue was 11.909 billion yuan, a year-on-year decrease of 13.78%; earthmoving machinery business revenue was 13 billion yuan, a year-on-year decrease of 6.43%%; concrete machinery business revenue was 5.34 billion yuan, a year-on-year decrease of 7.69%; aerial work machinery business revenue was 5.115 billion yuan, a year-on-year increase of 56.43%; mining machinery business revenue was 4.236 billion yuan, a year-on-year increase of 40.86%; road machinery business revenue was 2.698 billion yuan, a year-on-year increase of 66.45%; other engineering machinery and spare parts business revenue was 8.978 billion yuan, a year-on-year decrease of 27.94.
In addition, XCMG Machinery’s gross profit margin in the first half of the year was 22.86%, a year-on-year increase of 2.44 percentage points.
XCMG Machinery is mainly engaged in the research and development, manufacturing, sales and service of crane machinery, shovel transport machinery, compaction machinery, road machinery, pile work machinery, fire fighting machinery, environmental sanitation machinery and other engineering machinery and spare parts. The company’s products are mainly used in infrastructure construction, real estate development, large-scale projects, emergency rescue and disaster relief, transportation, natural resource mining and other fields, and the overall demand is highly correlated with fixed asset investment.
In the first half of 2023, XCMG Machinery established sales companies in the UK, Singapore, Saudi Arabia, UAE and Vietnam respectively, and several production bases, research and development institutions and spare parts centers are being planned and promoted. As of now, XCMG Machinery has 39 overseas subsidiaries and covers marketing in 193 countries and regions worldwide.
The announcement showed that in the first half of the year, XCMG Machinery’s overseas performance grew rapidly in multiple regions: West Asia and North Africa and Central America grew by more than 200%, Europe grew by more than 150%, Central Asia and North America grew by nearly 100%.
According to the 2023 Top 50 Global Construction Machinery Manufacturers List (Yellow Table 2023) released by the British KHL Group, XCMG ranked third with a sales volume of US$13.407 billion, and it is also the only Chinese construction machinery company that has ranked among the top three in the world for three consecutive years.
As of August 30 closing price, XCMG Machinery reported at RMB5.98 per share with a total market value of RMB70.661 billion.
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