Lates News

CICC-Joint Investment pointed out that with the upward trend in capital expenditure in the global mining industry, the prosperity of the mining machinery industry has improved, and overseas mining equipment companies' revenue and orders continue to remain at high levels. With the birth of billion-dollar markets, companies such as Caterpillar and Komatsu with annual revenues of over 10 billion US dollars have emerged. Against this background, Chinese mining machinery companies are accelerating to catch up by actively responding to the trend of increasing capital expenditure in the mining industry through methods such as sending service teams overseas, establishing supporting warehouses and logistics overseas, and expanding production capacity overseas. By continuously improving their product competitiveness and accelerating the acquisition of overseas market share, they are breaking through the development bottleneck caused by the limited endowment of domestic mining resources and gaining a foothold in the high-end market previously dominated by overseas mining equipment companies. Looking ahead, the trend of mining machinery going global is promising, and with ample market space, Chinese mining machinery companies are expected to keep pace with overseas mining equipment companies and achieve rapid growth.