In order to further strengthen the concept of revitalizing the city through industry, create a business environment that supports enterprise development, and vigorously promote entrepreneurship, on the basis of recommendations from relevant departments of counties, cities, and municipalities in Xuzhou City, after strict and careful selection, the Municipal Party Committee and Government It was decided to award 4 comrades the honorary title of the first “Xuzhou Economic Person of the Year” and 10 comrades the title of the first “Top Ten Outstanding Entrepreneurs”.
Wang Min, Chairman and Party Secretary of XCMG Group, won the honorary title of the first “Xuzhou Economic Person of the Year”. Let’s get closer to XCMG Group and Wang Min to see how he actively adapts to the new normal of economic development and overcomes difficulties. Difficult, pioneering and innovative.
(Jiangxi New Materials Co., Ltd.)
On November 20, 2014, the XCMG Experience Hall was completed and opened to the public. The 74-year history of XCMG is treasured here and is also a microcosm of the evolution of Xuzhou’s industrial civilization. In the hall of XCMG figures, there is an entrepreneur who joined XCMG at the age of 18 and has been accompanying XCMG’s growth for 45 years. He is Wang Min, chairman of XCMG Group.
Take great responsibilities, walk the road, and achieve great things
When talking about his days at XCMG, the first thing that comes to mind for Wang Min is the company’s core values: “I took over XCMG in 1999 and relied on reforms to survive the difficult period of the quagmire and achieve tens of billions. I condensed XCMG’s core values, namely Take on great responsibilities, walk the high road, and achieve great things.”
Focus and perseverance, be grateful
Since 2003, China’s construction machinery has ushered in a ten-year golden period. Under the determined breakthrough of Wang Min, who is not afraid of difficulties, focused and persistent, and determined to innovate, it has gone through the XCMG Technology slimming and light equipment integration reform, the listing of XCMG Machinery, and the Hanfeng Plan With the departmental reform, XCMG broke the long-delayed strategic dilemma of group restructuring and seized market opportunities to become a company worth hundreds of billions and one of the top five industries in the world. Regarding XCMG’s achievements, Wang Min was the first to thank the employees of the entire group: “XCMG’s over 100 billion yuan was made and sold by more than 20,000 employees. It is not easy. For employees I am forever grateful.”
Breaking through against the trend and staying on top
After 100 billion, faced with a sharp decline in the industry and several years of continuous trough, XCMG has stepped up its focus on innovation and adjustment and transformation while sticking to its main business. Super-large mining excavators surpassed foreign brands and ranked first in the country, and the market share of wheeled cranes ranked first in the world; cross-border mergers and acquisitions and factory construction have expanded globally, and the proportion of overseas revenue has increased to 34%; new industries such as heavy trucks and environment have doubled; 15 billion new industrial funds will be mobilized to invest in new business formats and new international layouts. In 2016, XCMG fought a good battle and struggled to turn around from the four-year industry trough. Its main indicators returned to positive growth, ranking first in the national construction machinery industry. Talking about this exciting classic battle to break through against the trend, Wang Min believes that XCMG’s magic weapon is technological innovation: “The world market is a huge stage, and XCMG cannot be absent. Quality ranks first in international competitions. The key is to lead the implementation of technology and ensure durability. The gold standard.”
Striving for excellence, the goal is farther than Mount Everest
Wang Min, who has developed a strong character from his 45 years of work, has a burning passion for employees and work, and is affectionately called Secretary Wang by his employees. Facing 2025, Wang Min strongly promotes Internet+ and uses intelligence and industrial cloud to promote XCMG’s advanced manufacturing towards mid-to-high-end. He said: “XCMG is an enterprise with roots, soul and cultural heritage. We must strive to be among the top three in the global construction machinery industry, support the comprehensive revitalization of Xuzhou’s old industrial base, and contribute to the country a world-class brand that has reached the summit of Mount Everest. .” (This article comes from XCMG)
