MUNICH , Oct. 24, 2022 /CNW/ -- XCMG (SHE: 000425) opened its largest overseas exhibition to date at bauma 2022 on October 24 in Munich, Germany , featuring a lineup of nearly 50 construction equipment products and core components with 41 span-new models debut at the show, which are all customized for European market. XCMG is at booths FS.1005/4, FS.1105/2 AND FS.1105/7 at the Trade Fair Center Messe München.
Liu Jiansen, Vice President of XCMG and General Manager of the XCMG Import and Export Co., Ltd, remarked ahead of the opening ceremony that with R&D centers and a European headquarters in Germany , XCMG has established comprehensive sales and service networks, with its many products contributing to the construction of infrastructure in many European countries. Helical Rotary Linear
"As it is now high on the global environment and economic agenda, XCMG is determined to accelerate our green development, launching a series of new energy products that represent the highest echelons of the Chinese construction machinery industry at bauma 2022. With bigger capacities, lower consumptions and better environmental designs, we are committed to creating greater value for our customers," noted Liu.
XCMG's exhibition at bauma 2022 features six major product sectors with key products for the European market:
Excavation: features a total of 13 excavator products, including the XE80E excavator Kubota engine (EU stage V). With a weight of nearly 9 tons, it's coupled with three sets of hydraulic pipelines and two sets of electric proportional joysticks. It also has an ergonomic cab and suspension seat for operation comfort, with a check valve for boom and arm and single-piece deflectable boom to provide easy maintenance access.
Road: four products are on show: motor grader, paver, light compactor and single drum compactor. The XD120 roller is renowned for its unique industrial design and superior work efficiency and quality. Its low-speed high-torque hydraulic motor with mechanical brakes ensures speed stability and construction safety; dual-frequency single-amplitude vibration exciter makes it suitable to operate in different working conditions; and independent vibration of front and rear drum allows for multiple vibration modes to achieve compaction with higher efficiency.
Hoisting: four flagship products are on show, including the XCA130E all-terrain crane, specially developed for the European market. The five-axis and six-joint crane with movable arm stands out for its mobility, security and reliability. With a maximum boom length reaching 94.5 meters, and innovative heavy-duty single-transverse independent suspension system, it has improved operation stability by 19 percent and rough terrain off-road capability by 60 percent, compared to earlier models.
Earthmoving: featuring seven products including handler, loader, forklift and stacker. The highlight is the XC948E (EU Stage V/Tier 4) with an overall design that ensures comfortable operation, fuel efficiency, reliability and durability.
Firefighting/aerial work platform: over 20 firefighting and aerial work platform products are being exhibited. The XGS28E is a flagship product. With a maximum operation height of 28.2 meters and loading capacity reaching 460kg, it adopts a three-section telescopic boom and tower jib structure with a small fly jib to ensure a wide operation range and obstacle avoidance capability. Its double-load control system meets various construction demands for buildings, bridges, steel structures and stadiums.
Foundation/piling: a rotary drilling rig and horizontal directional drill are on show, and both meet the EU Stage V emission standard. The XCMG XR320E is a multi-function model for piling foundation construction, its rotary drive offers standard, rock drilling, energy-saving, high-speed rock drilling and high-speed spin-off modes to help improve drilling efficiency and lower fuel consumption.
In addition, XCMG is debuting the XC/ASD-22, a newly launched construction machinery series-training simulator.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bauma-2022-xcmgs-largest-overseas-product-lineup-to-date-showcases-new-energy-construction-efforts-301657253.html
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/24/c0999.html
SEOUL (Reuters) -South Korea's government will expand its corporate bond-buying program among other liquidity supply measures amid growing worries about a credit crunch in bond and short-term money markets. The government will double the ceiling of its corporate bond-buying facility run by state-run banks to 16 trillion won ($11 billion), Minister of Economy and Finance Choo Kyung-ho said on Sunday. The measure is aimed at easing volatility and concern of tight liquidity in corporate bond and short-term money markets, Choo said after a meeting with top financial officials, including the central bank governor and regulatory chief.
BEIJING (AP) — China's economic growth accelerated in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a downturn while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world's second-largest economy grew by 3.9% over a year earlier in the three months ending in September, up from the previous quarter's 0.4%, official data showed Monday. The planned release of data last week was postponed while
Public Services and Procurement Canada (PSPC) wishes to advise users that the Hull Causeway and Union Bridge of the Chaudière Crossing will be closed to motorists to accommodate repairs during the following periods:
(Reuters) -Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Airbus as part of a broader, multi-billion-dollar drive to launch a new airline and challenge heavyweight carriers in the Gulf, industry sources said. There is no guarantee of a deal but if confirmed, the purchase by the sovereign Public Investment Fund (PIF) could be announced as early as this week when Riyadh hosts a major forum, the Future Investment Initiative (FII), the sources said. A final decision on the proposed deal, worth around $12 billion at list prices, depends on political approval at the highest level, with Boeing also lobbying for a slice of the expansion despite a chill in U.S.-Saudi relations, sources said.
Neo Performance Materials Inc. ("Neo", the "Company") (TSX: NEO) will report its third quarter results for the period ended September 30, 2022 before the Toronto market opens on Friday, November 11, 2022.
General Motors Co will launch its return-to-work plan for most salaried workers early next year after it faced employee criticism over an earlier planned start date, the largest U.S. automaker said on Monday. GM said the shift will help achieve company goals as it accelerates its transformation and enters a "rapid launch cycle" of new electric vehicle models. Last month, GM said it would not mandate that workers return to offices before 2023, just days after it told them that they would be expected to work three days on-campus each week before the end of the year.
The European Commission has warned countries that an EU-wide cap on the price of gas used to produce electricity could cause an increase in gas use and exports of EU-subsidised electricity, according to a document seen by Reuters. European Union countries' energy ministers meet on Tuesday to discuss options to cap EU gas prices, with countries still split over whether and how to do this after discussing it for weeks. The document shows that the Commission shared with countries an analysis of a price cap for gas used to produce power - a scheme that Spain and Portugal launched this summer after Russia's invasion of Ukraine and subsequent cuts to EU gas supplies pushed up energy costs.
GLO-DJIGBE, Benin (Reuters) - On a large factory floor in southwestern Benin, dozens of young people cut, stitch and assemble cotton shirts - part of a major push by the West African country to develop its textile sector. Benin has in the last few years become Africa's leading cotton producer, with annual production of 728,000 tonnes in 2020/21, according to government figures. Now, an initiative is under way to create jobs and revenue by processing the cotton locally, with the goal of exporting apparel to consumer markets in Europe, Asia, Africa and the United States.
BEIJING (AP) — China's export growth weakened in September as global consumer demand cooled while imports rebounded from a contraction after Chinese economic growth improved. Exports rose 5.7% over a year earlier to $322.8 billion, down from August's 7% growth, official data showed Monday. Imports gained 0.3% to $238 billion, recovering from the previous month's 0.2% contraction. Forecasters expected Chinese exports to weaken in the second half of 2022 after the Federal Reserve and central banks
Price rises for store-bought food have been outpacing the broader annual inflation rate for 10 consecutive months, and grew 11.4% in September, the fastest pace in over four decades, according to Statistics Canada. Canada's opposition New Democrats Party (NDP), which has a deal to keep Prime Minister Justin Trudeau's minority government in power until 2025, has been calling out grocery chain operators for high food prices.
Australia's economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption, according to new forecasts to be unveiled by Treasurer Jim Chalmers in Tuesday's budget. Budget papers are set to show gross domestic product (GDP) for fiscal 2023-2024 will be downgraded to 1.5% from the 2.5% forecast in April. The drop-off is blamed on a slump in consumer spending as rising prices and the biggest jump in interest rates in decades cut into household budgets.
Top TSX energy stocks look oversold and offer growing dividends for investors seeking passive income. The post 3 TSX Energy Stocks to Buy for Fast-Growing Passive Income appeared first on The Motley Fool Canada.
With more news illustrating the drawbacks of CBD, it's no wonder why many are looking for safer and higher-quality alternatives. Topping the list is "CB2 oil" by Cannanda (cannanda.com). These products are based on terpenes, which are a major class of compounds that have been extensively studied, and with thousands of testimonials demonstrating the effectiveness of CB2.
While tight lipped, Japanese policy makers clearly intervened again to support the yen on Monday, slamming the dollar down to as low as 145.28 from an early peak of 149.70. Yet all the BOJ seems to have managed is to give yen bears better levels, and much-needed liquidity, to sell into and the dollar quickly rallied back to around 149.00. While the BOJ is only acting under the directions of the MoF, selling dollars for yen sits at odds with its dogged commitment to uber-easy monetary policy and will add to pressure for a change of course at its policy meeting on Friday.
Are you looking to earn high-yielding, tax-free passive income? Here are three dividend stocks to buy and never sell in your TFSA. The post TFSA Passive Income: 3 Top Stocks to Buy and Never Sell appeared first on The Motley Fool Canada.
Metaverse startup Burning Galaxy soft launches its immersive user-generated content (UGC) platform Another Earth (https://Another.Earth). Founded by veterans from NCSOFT, 2K, Electronic Arts, Valve, JoyCity, Tencent, and PUBG, Burning Galaxy is a social network that connects reality with new virtual worlds. Burning Galaxy raised over USD 10 million from Matrix Partners China with valuation of USD 100 million in January 2022.
Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world's largest auto market. The price cuts, posted in listings on the electric vehicle (EV) giant's China website on Monday, are the first by Tesla in China in 2022, and come after Tesla began offering limited incentives to buyers who opted for its insurance last month. The price cuts also follows Tesla Chief Executive Elon Musk's comment last week that "a recession of sorts" was under way in China and Europe, and Tesla said it would miss its vehicle delivery target this year.
Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world's largest auto market. The price cuts, posted in listings on the electric vehicle (EV) giant's China website on Monday, are the first by Tesla in China in 2022, and come after Tesla began offering limited incentives to buyers who opted for its insurance last month. The price cuts also follows Tesla Chief Executive Elon Musk's comment last week that "a recession of sorts" was under way in China and Europe, and Tesla said it would miss its vehicle delivery target this year.
Microsoft Corp is set to post its slowest quarterly revenue growth in over five years on Tuesday, with some analysts casting doubts whether the company can maintain its annual outlook in the face of a PC market slowdown and a strong dollar. A spike in inflation this year has fanned worries of a global economic slowdown and forced consumers and businesses to pull spending on computers and laptops, sapping sales of some of Microsoft's key products including Windows and the Office suite. Microsoft earns more than 50% of its revenue outside the United States.
Miniature Rotary Actuator Hydro-Québec and the Ville de Montréal have moved one step closer to building the new Hochelaga substation and preserving the wooded area known as the Boisé Steinberg. Hydro-Québec has come to an agreement with the owner of land north of Boulevard Hochelaga for the construction of a new transformer substation that is essential for the area. The Ville de Montréal can now acquire the portion of the Boisé Steinberg that belongs to Hydro-Québec and that was initially considered for the project. With