XCMG, a China-based equipment manufacturer, has announced a programme of action (POA) to reduce the company’s carbon footprint by 32 percent by 2035 compared to base year 2020 according to an article in International Construction.
Other POA goals for 2035 include 50 percent of total energy use from renewable sources and more than 35 percent penetration of new energy products in addition to the carbon footprint reduction. Interim POA goals are a 15 percent reduction in energy consumption and a 26 percent reduction in carbon emissions by 2025 compared to 2020.
The company will use a projected 700 percent increase in wind and solar power generated within its facilities to reach its consumption goals. This will be augmented by a 25 percent market penetration of new energy products to reach the 2035 goals.
The article states that XCMG intends to be carbon neutral by 2049.
Reporting says a slowing economy saw sales decline by 21 percent in 2024.
Learn MoreVarious industry groups are reporting the signals to be very mixed.
Read moreAn influencer can link OEMs with the people who will use the equipment.
Read moreThe rental market is influencing new mini excavator design.
Read moreSunbelt Rentals will be the official equipment provider for the games.
Read moreWhat impact will the recently announced 25 percent U.S. tariffs have on the global generator set market?
Read moreA recent article in Compact Equipment magazine explored the difference and offered some guidelines for selecting the best balance for various applications.
Read moreThe Construction Index reports that April marked the third consecutive month of construction output growth in Great Britain according to the Office for National Statistics.
Read more
