EE Impact

Xuzhou Construction Machinery Group Co., Ltd. (XCMG)

China · Automotive, Industrial Equipment, Manufacturing

LeaveRussia detail: Scaling Back

Scaling back

Xuzhou Construction Machinery Group Co., Ltd. is a Chinese multinational state-owned heavy machinery manufacturing company with headquarters in Xuzhou, Jiangsu.

Status last verified 03/08/2026Source checked 11/08/2025Company website ↗LeaveRussia profile ↗

Decision trail

Decision date 03/09/2024 · Reference ↗

Was identified by Forbes.ru in the rating of 50 largest foreign companies in Russia - 2024. Significantly (+97%) increased revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

Local stats (LeaveRussia)

Staff(RF), 2021
30
Revenue(RF), mln.USD
471
Capital(RF), mln.USD
43
Assets(RF), mln.USD
394
Taxes(RF), mln.USD
12

Status history since 2022

  1. 03/08/2026 scaling back · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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