XCMG, SANY report strong Africa growth

Chinese construction machinery and equipment manufacturers, XCMG and SANY, both reported strong growth from Africa and other overseas territories in recent results round ups

SANY Heavy Industry reported H1 2026 revenues of approximately US$7.9bn, up 19.49% year over year — with Africa the single fastest-growing region.

Total overseas revenues reached US$4.7bn, up 21.82% and representing 61.33% of the company’s core business revenue.

Africa outstripped other regions, with revenues growing 47.66% to US%790.2mn.In a statement, SANY Heavy Industry also highlighted how its strategy in Africa is maturing as it seeks to nurture close ties to local markets.

“The company is moving from product exports toward localised industrial operations overseas, bringing sales, services, product development and operations closer to local markets,” it noted.

With all its major product lines — covering piling, concrete, lifting, excavation and road machinery — reporting strong growth, the company outlined moves to reform overseas organisation and strengthen production innovation and R&D management.

XCMG also reaffirmed its global ambitions after reporting that its overseas revenues had exceeded 50% of its total revenues for the first time — reaching approximately US$4.56bn for the H1 2026 period.

Africa was also highlighted as an increasingly significant market, for a company that now operates more than 60 overseas subsidiaries — during the first half of 2026, it established a new trading subsidiary in Nigeria.

“The company's global network also includes more than 300 overseas dealers and over 2,000 service and spare parts outlets,” it said in a statement.

“Construction of overhaul centres in Indonesia, and Simandou, Africa, is progressing as planned, further strengthening XCMG's overseas aftermarket service capabilities.”

The company has previously announced a series of work orders for the giant Simandou mining and infrastructure mega project in Guinea, West Africa.

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