Guangxi Liugong Group Co., Ltd.

Guangxi Liugong Group Co., Ltd. is a wholly state-owned enterprise established through authorized state asset operation, and is one of the first 300 key state-owned large enterprise groups under national key contact. It is a leading enterprise in the construction machinery cluster industry that Guangxi focused on cultivating and developing during the "Eleventh Five-Year Plan" period.
　　Liugong was founded in 1958. Its core enterprise, Guangxi Liugong Machinery Co., Ltd., was restructured and listed in 1993, becoming the first listed company in the industry and in Guangxi. Liugong has successively won honors such as China's Top 500 Enterprises, the World's Top 50 Construction Machinery Enterprises (ranked 18th), China's Top 500 Enterprise Informatization, "National Quality and Benefit Advanced Enterprise", and has been hailed by national leaders as "the demonstration flag of China's equipment manufacturing industry". It was listed as one of the second batch of national innovative pilot enterprises, won the highest award in China's business management field - the National Quality Award in 2008, was listed as one of the ten typical state-owned enterprises in China in 2009, and received the "CCTV 60 Years 60 Brands" grand award, being praised as "the pacesetter of China's construction machinery industry" and "the demonstration flag of China's equipment manufacturing industry".
　　The headquarters of Liugong Group and its holding subsidiaries currently have 16,000 employees, total assets of 23 billion yuan, and net assets of 9.86 billion yuan. In 2010, the main business revenue exceeded 18 billion yuan, with sales of over 58,000 units of various construction machinery and building machinery. The market share of products such as wheel loaders, prestressed anchors, bridge cables, rotary drilling rigs, and hydraulic diaphragm wall grabs has remained at the forefront of the industry for many consecutive years.
　　Liugong has a national enterprise technology center and a post-doctoral workstation, with a complete product range and independent innovation capability. At present, its core businesses include the research, development, manufacturing, and sales of fourteen major series of products such as wheel loaders, full hydraulic crawler excavators, road machinery, compact construction machinery, forklifts, cranes, bulldozers, concrete machinery, prestressed anchors and bridge cables, and piling machinery (rotary drilling rigs, hydraulic diaphragm wall grabs), as well as related parts sales and service support. Among them, the Liugong brand loader is a famous brand in China and a China Top Brand product, with loader product sales revenue maintaining the first place in the domestic industry for many years; prestressed anchors, bridge cables, rotary drilling rigs, hydraulic diaphragm wall grabs and other products have been at the forefront of the industry for many years. Another core business, excavators, has developed rapidly and has entered the forefront of domestic national excavator brands within a few years. In addition, the group's subsidiaries also engage in the production of construction machinery parts, real estate, logistics, import and export business, etc.
　　Liugong's manufacturing plants and marketing network layout have taken initial shape. At present, with domestic manufacturing bases including Liuzhou, Shanghai, Jiangsu Zhenjiang, Jiangyin, Yangzhou, Anhui Bengbu, and Tianjin, Liugong has built the most competitive global marketing and service parts network in the industry, with more than 130 strong first-level distribution networks and over 900 distribution service outlets in China, ensuring the fastest response to the market.
　　In recent years, Liugong has achieved remarkable results in its internationalization strategy, with overseas sales revenue accounting for more than 15%. Currently, Liugong has over 100 agents in 80 countries overseas, has built 8 parts centers globally, and has established marketing companies for international regions in Australia, the United States, Brazil, India, etc. In 2008, Liugong began construction of its first overseas manufacturing plant in India.
　　The strategic goal of Liugong Group is to build "an advanced manufacturing enterprise with excellent industrial operation and capital operation capabilities and a unique service-oriented manufacturing model". Driven by the core development concept of "manufacturing leadership, service promotion, virtue and practice, and surpassing by following the trend", it develops business segments of complete machine products such as construction machinery, concrete machinery, building machinery, mining machinery, and agricultural machinery, unifies thinking, pioneers and innovates, increases independent innovation efforts, accelerates the pace of internationalization, strives to build a "hundred-billion-yuan industrial group", and is moving at full speed towards the goal of "becoming an excellent enterprise group in the equipment manufacturing industry".