The German" business daily" reported on March 26th, Chinese construction machinery manufacturers in Germany peer enterprises show special preference to, following the acquisition of the German Sany concrete pump manufacturers Putzmeister Ltd, have long enjoyed a good reputation in the international market of Germany's second largest concrete pump enterprises SCHWING companies (Schwing ) does not need time or will fall into the hand of China group. People in the industry " business daily" said, a merger agreement will be in the next one or two weeks to sign, but the Xugong Group shares SCHWING amount is not clear.

Reportedly, headquartered in the German state of North Rhine-Westphalia Hull ( Herne ) family firm SCHWING companies to produce high-rise concrete pump for Kyo, encountered financial difficulties have layoffs coping, the Department of820 employees will demolish nearly 200 people, the company is in urgent need of capital turnover. The company in 20101/3 to400000000 euros turnover shrinking. The Xugong Group at present all over the world to expand substantially,2011acquisition of Holland and two German enterprises. Its goal is to build an international platform, for the product marketing and production services. They regard Germany as Europe and the bridgehead of the international market. Last September, XCMG group vice president Li Suoyun Kohler in Germany held on the establishment of R & D center at the signing ceremony said, who can enter Germany, who can be in the world based on. He also said:" Europe is a very attractive sales market, but to enter is not so simple." The Xugong construction machinery in China is the leader, in 2010 turnover reached 87000000000yuan, broke through 100000000000 2011. To 2015, the company turnover target is 300000000000 yuan ( RMB ).