In 1957, the Huaxing Iron Factory completed trial production of its first tower crane, paving the way for XCMG's construction machinery business later on.

[1] In 1992, then-General Secretary of the Chinese Communist Party (CCP) Jiang Zemin inspected XCMG.

Meanwhile, the company was restructured into a wholly state-owned enterprise, namely Xuzhou Construction Machinery Group Co., Ltd.

[3] That year, then-CCP Politburo Standing Committee member Hu Jintao inspected XCMG.

In 2011, XCMG launched its "Hanfeng Plan", reforming its strategic management model with 5 business units.

The group also signed an agreement with the Venezuelan government to establish a local construction equipment manufacturing joint-venture company.

[4] Meanwhile, XCMG merged with two high-end hydraulic technology providers, AMCA (Netherlands) and Fluitronics (Germany).

Occupying around 2 million square meters, the facilities are able to build 5,000 large and medium capacity cranes, 40,000 wheeled loaders and 20,000 units of concrete machinery annually.

XCMG also began the construction of a 16,400 square meter research and development facility in Krefeld, Germany; along with a merger with the world-leading German concrete machinery company Schwing a German manufacturer of mobile and stationary concrete pumps and truck mixers, headquartered in Herne, as well as the parent company of Schwing Stetter, based in Memmingen.

[6][2][7] Product-wise, XCMG's 3,600-tonne, 88,000 tonne-meter rated lattice boom crawler crane for power generation plants and petrochemical facilities began its production that year.

That year, the group's first wholly-owned overseas subsidiary, the 200-million USD XCMG Brazil Manufacturing Base, was completed and put into production.