July 6th, morning (Germany time), the groundbreaking ceremony for XCMG Group Europe Co., Ltd. was grandly held in Krefeld, Germany. Mayor of Xuzhou Zhu Min, Mayor of Krefeld Gregor Kathsteds, Minister of Ministry of Economy and Trade & Handicraft Industry of Nordrhein-Westfalen Garrelt Duin, Deputy Consul General of Chinese Consulate General in Frankfurt Wang Xiting, Chairman of XCMG Group Wang Min, members of XCMG Group Europe Co., Ltd. project group, part of supporting companies and media at home and abroad jointly witnessed the milestone moment.
The company with the investment of more than 36 million Euros is based in Krefeld, Germany, covering 16400 square meters. The company focuses on overcoming the key techniques on the development of core components like hydraulic valves, pumps, motors and intelligent controls.
The company is forecast to complete and go into operation in July 2013. After completed, it will become XCMG’s hydraulics and transmission high-end technical center, machine technical cooperation and promotion platform and top-level talent cultivation center, and as well as its technical headquarter in Europe.