Since 1994, China's excavator industry has launched a joint venture storm. In September 1994, Japan's Kobelco and Chenggong Group invested 21 million US dollars to set up our first excavator joint venture. Subsequently, many foreign excavator brands have stepped up the pace of entering China. In October of the same year, Daewoo sole proprietor established Daewoo Heavy Industries (Yantai) Co., Ltd. (acquired by South Korea's Dou Shan in 2005). In 1995, the foreign capital brought the storm to a climax. In January, Korea modern heavy industry and Chang Linzhu joint-stock joint venture to establish Changzhou modern company; in March, Hitachi invested 430 million RMB in Anhui to set up Hefei Hitachi excavator Co., Ltd. in May, Japanese Komatsu invested 29 million 980 thousand dollars to set up the Komatsu Changzhou Engineering Machinery Co., Ltd. in July, and Japan Komatsu invested 21 million dollars again in July. In the same year, the world's largest engineering machinery manufacturer, Caterpillar, and Xugong Group, set up a Caterpillar Xuzhou limited company in the same year, with a joint venture of 82 million US dollars with Xugong Group.
In December 11, 2001, China formally joined the WTO, and the market was further open. This has stimulated the foreign investment of excavator enterprises to invest in China, and has begun to focus on strategic layout. In March 2002, Volvo invested $15 million in Pudong, Shanghai, and wholly owned Volvo building equipment (China) Co., Ltd. In June 2002, Korea modern heavy industry invested 27 million 500 thousand US dollars with Beijing Jingcheng electromechanical holding company, and set up Beijing modern capital construction machinery Co., Ltd. In June 2003, modern heavy industry gave up the capital increase plan for the original Changzhou modern company, and co formed the modern (Jiangsu) Engineering Machinery Co., Ltd. with Chang Linzhu shares. At this point, South Korea's modern heavy industry has set up three excavator production bases in East China and North China. The products cover the tonnage levels of large, medium and small, forming a relatively perfect strategic layout.
In December 2003, Japan's Kobelco joint venture established Hangzhou Kobelco Construction Machinery Co., Ltd. In 2007, Japan's Kobelco launched a strong offensive again, joint venture with Chenggong group, and set up Chengdu Kobelco small excavator Co., Ltd. So far, Kobelco has built three excavator production bases in China, with an annual capacity of nearly 10 thousand units.
In addition, with the growing bullish market of small excavators in China, some famous small dug brands, such as Kubota, Shi Chuan Island, Takeuchi, Yanmar, small bridge, JCB, CASE, ATLAS, have also joined this team. Kubota, Japan, founded Kubota (Shanghai) Construction Co., Ltd. in Shanghai in 2003, and shisawa was built in Xiamen in 2004. Atlas, Germany, set up a joint venture in Baotou in 2004. The Japanese bamboo was founded in Qingdao in 2005, and the small bridge built 1000 small excavated production bases in Dongguan, Guangzhou, JCB, CASE and other small dug brands in Europe and America have also stepped up the layout of China. So far, in a short span of ten years, foreign brands have occupied more than 90% of China's excavator market by virtue of their strong strength.
