How far is China's construction machinery company from the world's top 500?

On July 9th, the annual Fortune Global 500 list announced that 69 mainland Chinese enterprises (excluding Hong Kong and Taiwan's independent customs district) were listed. For the first time, they exceeded Japan (68 companies), second only to the United States (132 companies). Corporate list). However, we should also see that the world’s construction machinery giants Caterpillar, South Korea Hyundai Heavy Industries Group, Komatsu Group, and Kobelco Group were ranked No. 155, 203, 436, and 467, respectively, while China’s construction machinery companies temporarily missed the top 500.

Where is the gap between China's construction machinery enterprises and the world top 500? In fact, through analysis, we can find that the above four engineering machinery giants are transnational operations and the industrial chain is mature and complete. For example, Caterpillar is not only a global leader in the fields of construction and construction machinery, mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric hybrid power units, but also a leading global provider of financial, remanufacturing, logistics and rail services. Business; Komatsu Group has five regional headquarters in China, the United States, Europe, Asia, and Japan. There are 144 subsidiary companies and more than 40,000 employees. Products include excavators, bulldozers, dump trucks, shield machines, large scale Presses, cutting machines, forklifts, shield machines and other areas, and known for market segments experts.

According to the reporter of the China Construction Machinery Business Network, multinational corporations can surpass national geographic boundaries, absorb resources, operate markets, and lay out value chains globally, which greatly increases production efficiency and evades operational risks in one or several countries. At this level, the road to internationalization of Chinese construction machinery companies has only just begun and there is still much room for improvement. With the world's top three concrete manufacturers being under their command, leading enterprises in construction machinery are also investing and setting up factories overseas. The dream of the top 500 made in China is not far away.