XCMG reports over US$100mn in new partnership agreements
Leading Chinese construction machinery manufacturer Xuzhou Construction Machinery Group (XCMG) has announced that it has signed over US$100mn in fresh contracts with leading international firms, as well as recording its first deliveries of its new state of the art machinery products
The news comes from XCMG’s participation in the bauma China 2018 trade show, a leading event for the Asian construction machinery market, where it reached a deal with Russia’s KBA Mining Company worth $100mn for a slew of mining equipment and industry solutions.
XCMG also delivered its GTBZ58S work platforms to Sinopec Heavy Lifting during the event, which themselves are the tallest work platforms in the world at 58.6m with 45% maximum gradeability.
"With the support of global dealers, suppliers and partners, as well as the hardworking XCMG staff, the company is progressing fast in the international market towards the goal of achieving 50% of its revenue from overseas sales," said Wang Min, Chairman and President of XCMG, in the company’s press release.
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Valery Aleksandrovich Tubabba, General Manager of KBA, added:
"XCMG is one of the most renowned construction machinery multinational corporations in the world, with top-notch mining equipment performance, top quality products and a comprehensive after sales and service network. KBA is a very confident to partner of XCMG."
According to Statista, XCMG reported significant revenue growth in 2017 at 29.13bn yuan over 2016’s 16.89mn.
Amobee Appoints Nick Brien As CEO
In its latest strategic move, Amobee—a global multimedia advertising leader—announced that Nick Brien will be its Chief Executive Officer. The company is entirely owned by Singtel, Asia’s leading communications technology organisation, which provides consumers with mobile, broadband, and TV and businesses with data hosting, cloud, network infrastructure, analytics, and cybersecurity tools.
Brien, who has worked for Microsoft, Intel, P&G, and American Express, will take over to drive the next generation of advertising tech. Said Evangelos Simoudis, Chairman of the Board of Amobee: ‘Nick has the deep expertise in advertising that we need to seize the market opportunities ahead’.
How Did Brien Get Here?
Before joining Amobee, Brien led 15,000 people across 40 divisions as CEO of the Americas for Dentsu International. For thirty years, he’s helped brands pilot unique advertisements, keeping up with the latest trends. He’s served as CEO of McCann Worldgroup, global CEO of IPG Mediabrands, President of Hearst Marketing Services, and CEO of iCrossing. Over the course of his career, he’s consistently strategised how to keep up with digital shifts. Now, he’ll capitalise on Amobee’s legions of experienced data scientists and developers.
‘I’m excited to be joining Amobee at such a transformative time in our industry’, Brien explained. ‘We’ll pilot advertising accountability and intelligent decisioning. And there’s no doubt in my mind that optimising media performance—whether you’re targeting, planning, buying, or delivering—can only be achieved using applied science, machine learning, and data analytics’.
What Does This Mean for Amobee?
Amobee is set on growing its personal brand within the advertising sector. As APAC social media influencers, Gen Z growth hackers, and viral content producers start to enter the field, established companies will be working doubly hard to keep up. Amobee, however, is still looking good. With a Gartner Magic Quadrant for Ad Tech, a Forrester New Wave recognition, and now, Nick Brien as CEO, the firm is set up for success.