July 13, Fortune China released China’s Top 500 Enterprises. XGMA was awarded the honor for the third time. This is also the third time that Fortune has released China’s Top 500 Enterprises. The list covers all the Chinese companies either listed in China or in foreign countries, and the ranking is based on the officially disclosed information from each securities exchange.
XGMA achieved sales revenue of 11,992 million Yuan in 2011, growing by 15% year-over-year. And in the ranking of top Chinese brands, XGMA ranks the first in the construction machinery with the brand value of 17,698 million Yuan.
Xiamen XGMA Machinery Co.,Ltd.(abbreviated as XGMA), developed from the former Xiamen Engineering Machinery Works founded in 1951, and was on the listing of Shanghai Stock Exchange in 1993 after conversion of ownership system. XGMA is rated as national categoryⅠ large-scale backbone enterprise on manufacturing loaders and excavators. With an annual output of 30,000 units of loaders, 2,000 units of excavators, and 3,000 units of forklift trucks, XGMA has become the largest construction machinery manufacturing base in China. XGMA mainly produces loaders, excavators, compact machinery, as well as forklift trucks and road machinery.