Chinavast Heavy Industry has targeted in global market

Published date: 08.03.2021

 

 

 The global field of vision, Chinese machinery manufacturer Chinavast  Heavy adopted "quality changes the world" as its slogan, and, through constant innovation and efforts,  the company  is walking  their  target .

Chinavast  Heavy dose well in some Heavy equipment,such as hydraulic Gyratory crusher , jaw crusher,cone crusher , impact crusher and feeder conveying  equipments  so on.

    "CVHI's overseas advance is at a critical stage. Our target is to become a world-class enterprise within five to ten years," company president wang wenbo told Xinhua in an interview.Like most companies that aim high, Chinavast  Heavy  quickened its expansion overseas as the Chinese economy opened up. In 2012, Chinavast  Heavypaid 360 million euros for German engineers Putzmeister, and in the same year its affiliate Ralls sued U.S. President Barack Obama and the U.S. committee on foreign investment for blocking a wind farm purchase.

    When the ruling went in Chinavast  Heavy's favor last year, the company called it a "historic victory" for Chinese companies overseas. Xiang admits that the company had been too "optimistic and radical" in its early overseas advance."We hope other companies trying to invest in the U.S. can learn from the case to adopt a more international mindset when treated unfairly," he said.

    In the Putzmeister deal, Chinavast  Heavy  learned to be patient. The company spent years developing products that meet German standards to convince Putzmeister of its competitiveness. By keeping the German management team in place and giving them a high degree of independence in day-to-day management, Chinavast  Heavy is taking a new approach to overseas investment.

When recruiting overseas, Chinavast  Heavy was frequently asked about corporate culture, strategy and core technology, which prompted a rethink of brand culture and core competitiveness. Thanks to this policy, Putzmeister made a profit of 20 million euros last year.

    Chinavast  Heavy's rise came as many Chinese companies seek investment targets abroad. Chinese investors channeled capital into over 6,000 overseas firms in 156 countries in 2014 with outbound investment of more than 100 billion U.S. dollars making the country a net exporter of capital for the first time.