Category: South Africa

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Distinguished Board Director and Former Fortune 100 CIO, Annabelle Bexiga Joins Quantexa Board of Directors

LONDON, Sept. 20, 2022 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that Annabelle Bexiga is joining their board of directors. Annabelle is currently serving as the non-executive director for DWS Group, Stonex Group (SNEX), and Triton International (TRTN). Prior to her current roles, she served as the CIO Advisor at Zoom with a focus on working with their product development and marketing teams. She also established and chaired Zoom’s Financial Services Industry council.

Annabelle has 30 years of experience in the financial services industry and 11 years in Fortune-100 CIO roles. As a Board Director, Annabelle brings to Quantexa her operational knowledge, as well as public, private, and non-profit board leadership, and advisement experience.

“This incredible journey of continuous learning from brilliant technologists and courageous leaders continues through my board and advisory work,” said Annabelle. “I am especially excited to join the board of Quantexa because they truly understand that today in the face of rapidly changing conditions, enterprises need to drive greater accuracy in decisions and innovation with data and analytics technology at the core. The Quantexa team are working to help organizations solve today’s major challenges in utilizing data effectively to improve their operations and the services they provide to their customers.”

“Annabelle’s background includes a diverse set of businesses at firms such as JPMorgan Chase, Zoom, and AIG, as well as residential global experience in New York, Singapore, Tokyo, and Boston,” said Vishal Marria, CEO at Quantexa. “Annabelle has made a fantastic contribution to Quantexa over the last 2 years working as an advisor to our business, so we are thrilled that she will be joining our board of directors. Her experience aligns well with our goals, our culture, and we look forward to incorporating her expertise to help our customers use their data at scale to unify their data, manage risk, ensure compliance, and identify opportunities for efficiency.”

ABOUT QUANTEXA
Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Contextual Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney. For more information, contact Quantexa here or follow us on LinkedIn.


Media Inquiries:

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T: +1 315 663 6780

E: Quantexa@fightflight.co.uk


C: Adam Jaffe, SVP of Corporate Marketing
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E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com
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Jacqueline Shi: Huawei Cloud Stresses “By Local, For Local” to Drive Digital Transformation 

BANGKOK, Sept. 20, 2022 /PRNewswire/ — On September 19, HUAWEI CONNECT 2022 kicked off in Bangkok, Thailand. Jacqueline Shi, President of Huawei Cloud’s Global Marketing and Sales Service, stressed Huawei Cloud’s commitment to the goal of “By Local, For Local” in fostering a strong ecosystem for digitalization. Huawei Cloud believes that it is only when the local ecosystem grows, can digital transformation grow, and in a healthy and sustainable way.

Jacqueline Shi, President of Huawei Cloud's Global Marketing and Sales Service

Huawei Cloud continues to provide leading digital technologies for users around the world, enabling enterprises and developers to better achieve digital development. To better provide local services, Huawei Cloud continues to build one global network to deliver high-quality cloud services with consistent experience. In the Asia Pacific since 2018, Huawei Cloud has operated local nodes in Singapore and Malaysia, and is the first public cloud provider to do so in Thailand. Huawei Cloud builds 3AZ data centers in Bangkok, Chonburi, and Samut Prakan, and provides website and consulting services in Thai.

In addition, Huawei Cloud and partners build a digital industry ecosystem by all and for all. Huawei Cloud works tirelessly to build a global startup ecosystem. Multiple forms of enablement, such as cost optimization, technical support, entrepreneurship training, and business resources will empower at least 10,000 high-potential startups worldwide in the next three years, helping startups move to the cloud agilely and focus on innovation.

In the Asia Pacific alone, more than 120 enterprises have joined the Huawei Cloud Startup Program. For example, Huawei Cloud helped ReverseAds expand its business in Thailand, Singapore, and South America. Through this program, ReverseAds has received financing of more than USD20 million. “We will further promote the startup program to the world. We hope that more and more enterprises like ReverseAds can innovate and achieve win-win,” said Ms. Shi.

At HUAWEI CONNECT 2022, Huawei Cloud also released the “Go Cloud, Go Global” ecosystem plan to share Huawei’s local compliance and human resources in more than 170 countries and regions. The plan also shares Huawei Cloud’s insights into industries and the hottest domains, as well as corresponding product and solutions for more enterprises to go global.

Ms. Shi released 15 innovative services at the conference, including CCE Turbo (Cloud Container Engine), UCS (Ubiquitous Cloud Native Service), Pangu wave model, DataArts LakeFormation, Virtual Live, CodeCheck and CloudTest, KooMessage, KooSearch, and KooGallery. This is the first time the services are announced for global implementation.

Photo – https://mma.prnewswire.com/media/1902833/image.jpg

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Huawei Cloud Summit in Bangkok: Driving the Leapfrog Growth of the Digital Economy with Cloud Native

BANGKOK, Sept. 19, 2022 /PRNewswire/ — HUAWEI CONNECT 2022 kicked off in Bangkok on September 19. At the Huawei Cloud Summit themed “Inspire Innovation with Everything as a Service”, Zeng Xingyun, President of Huawei Cloud APAC, William Fang, Chief Product Officer of Huawei Cloud, and customers and partners delivered keynote speeches. During the event, Huawei Cloud released the Cloud Native 2.0 Architecture White Paper and launched Cloud Native Elite Club (CNEC) APAC together with Cloud Native Computing Foundation (CNCF). To accelerate the digital transformation in the Asia Pacific, Huawei Cloud proposed three initiatives: acting with strategic resolve, embracing cloud native, and cultivating digital talent.

Cloud Native Elite Club (CNEC) APAC launch ceremony

In his keynote speech, Mr. Zeng said that going cloud native is to think cloud native, act cloud native. Huawei, together with its customers and partners, will witness a leapfrog growth in digital transformation powered by cloud native in APAC. Adhering to the approach of “by local, for local”, Huawei Cloud will promote the digital industry of the Asia Pacific by strengthening investment in infrastructure, professional B2B services, partner ecosystem, developer services, and startup support.

Huawei Cloud has already set up 13 localized service centers in the Asia Pacific, with more than 1,000 certified engineers to provide tailored services. In addition, ecosystem development has been fruitful, with more than 2,500 local partners generating more than 50% of the revenue of Huawei Cloud. Huawei Cloud is also forging ahead with industry-government-academia collaboration in the Asia Pacific. Investment in the Huawei ASEAN Academy and the Seeds for the Future Program will be used to cultivate more than 1 million digital experts over the next five years.

As a cloud native pioneer, Huawei Cloud serves 80% of the 50 best Internet companies in China and more than 200 major Internet companies in the Asia Pacific. In Sarawak, Malaysia, Huawei Cloud, together with its partners, has built cloud native infrastructure to support the collaboration of more than 30 government departments in five fields, and provided more than 80 digital government and smart city services to ensure more efficient and better-informed decision-making. In Indonesia, Huawei Cloud has provided a unified data foundation to help CT Corp migrate its media, retail, and finance services to the cloud, enabling precise recommendations for 200 million Internet users. The cloud native technologies of Huawei Cloud have helped Siam Commercial Bank (SCB) in Thailand quickly roll out its digital loan service. Loan approval and issuance, which used to take one month of work, is now fully automated and can be completed in just five minutes.

William reaffirmed Huawei Cloud’s commitment to thinking and acting cloud native and adhering to its Everything-as-a-Service strategy. The ultimate goal is to offer full-stack cloud native capabilities to customers. The four pipelines and more than 10 products unveiled at this year’s HUAWEI CONNECT, such as CCE Turbo (the next-gen container engine) and UCS (a service for ubiquitous cloud native), will be rolled out in the Asia Pacific and go global. In the future, Huawei Cloud will go beyond to breathe new life into cloud native infrastructure, cloud native application development, and data-AI convergence. This summit also saw Huawei Cloud release the Cloud Native 2.0 Architecture White Paper, which looks to help customers evolve and advance towards the digital transformation of tomorrow.

To accelerate the digitalization of the Asia Pacific with cloud native, Huawei Cloud joined hands with CNCF and technology pioneers to launch CNEC APAC. CNEC has contributed to the popularization and maturity of cloud native technologies in China over the past two years. CNEC APAC will gather the greatest cloud native minds in the region and have them focus on the digital transformation of local enterprises. It is a platform for exchanging cloud native experiences so that more organizations can dive deeper into the forefront of cloud native technologies and better use cloud native. The exchange of ideas will create more opportunities for cloud native to empower industry innovations, breaking a new path for the digitalization in the Asia Pacific.

William said that Huawei Cloud will continue to innovate full-stack technologies to pioneer the cloud native field, enable industries through Infrastructure as a Service, Technology as a Service, and Expertise as a Service, and unleash digital productivity with Everything as a Service.

Photo – https://mma.prnewswire.com/media/1901772/Cloud_Native_Elite_Club__CNEC__APAC_launch_ceremony.jpg

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Madison Realty Capital Originates $315.6 Million Loan for The Four Seasons Hotel and Residences in New Orleans

NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $315.6 million loan to Carpenter & Company, Inc. and Woodward Interests, LLC for the completion of the renovation at the Four Seasons Hotel and Residences New Orleans located at 2 Canal Street in New Orleans, Louisiana.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “The Four Seasons New Orleans is well positioned along the Mississippi River, between the French Quarter and Central Business Districts, to capitalize on the demand from New Orleans’ robust tourism market and expanding business district. We are pleased to leverage our familiarity with the Four Seasons brand to deliver a timely and customized financing solution to an experienced borrower group for a well-recognized New Orleans landmark with exciting cultural attractions.”

The 341-key Four Seasons hotel opened in July 2021 and is part of a mixed-use tower that includes 92 residential condominiums on the top floors. Operated by the Four Seasons, the residences have a private entrance from the hotel and offer one- to three-bedroom units and four-bedroom penthouses. To date, the property has sold 50% of the condominiums.

The 33-story hotel and residence offers event space and amenities including two restaurants, a lobby and bar, full-service spa, fitness center, outdoor pool, and private gardens. The highly awarded hotel was named a “Best Hotel in New Orleans” and one of the “Best New Hotels in the World” by Travel + Leisure; a “Best of the Best” New Hotels in the World by Robb Report; and a “Best New Hotel in the Country” by USA TODAY 10Best. Additionally, the building is home to Vue Orleans, a unique indoor and outdoor observatory with panoramic views of the city and historic and cultural exhibits.

Richard Friedman, President and Chief Executive Officer of Carpenter & Company Inc., said, “Madison Realty Capital has significant expertise investing in Four Seasons projects and we are pleased with their team’s ability to work quickly and provide certainty of execution. We look forward to moving to the next stage of this exciting project as we raise the hotel quality bar in New Orleans with the customized and flexible financing Madison delivered.”

Madison Realty Capital has significant experience investing in Four Seasons Hotels. Notable transactions include a $210 million loan to Fort Partners for the construction of the Four Seasons Hotel and Private Residences Fort Lauderdale and $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami.

Riaz Cassum and Henry Schaffer from JLL Capital Markets arranged the financing.

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com
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First HUAWEI CONNECT Outside China: Huawei Cloud Innovations Go Global

BANGKOK, Sept. 19, 2022 /PRNewswire/ — HUAWEI CONNECT 2022 kicked off in Bangkok today. Ken Hu, Rotating Chairman of Huawei, delivered a keynote speech, Unleash Digital. Zhang Ping’an, CEO of Huawei Cloud, announced plans to launch new Regions in Indonesia and Ireland, unveiled the “Go Cloud, Go Global” ecosystem plan, and reaffirmed the commitment to Everything as a Service. Jacqueline Shi, President of Huawei Cloud’s Global Marketing and Sales Service, said that Huawei Cloud will launch more than 15 innovations globally, covering cloud native, AI development, data governance, digital content, software development, and MacroVerse aPaaS.

Zhang Ping’an, CEO of Huawei Cloud

According to Ken Hu, organizations should embrace the cloud for leapfrog development as digital smart tech is the future. Huawei Cloud has integrated more than 240 services and more than 50,000 APIs to bring the latest AI, application development, and big data technologies and development tools to the cloud. The innovation and expertise of Huawei Cloud will help more organizations move to the cloud faster and better.

Huawei Cloud is committed to building one global network, which allows services on Huawei Cloud to be accessed within 50 milliseconds from anywhere on the globe. Enterprises will no longer need to build their own data centers. Huawei Cloud will launch new Regions in Indonesia and Ireland. By the end of this year, Huawei Cloud will have deployed 29 Regions and 75 availability zones (AZs) covering more than 170 countries and regions.

Zhang Ping’an also released the “Go Cloud, Go Global” plan. With a focus on Everything as a Service, Huawei Cloud will share its localized experience acquired in the services for more than 170 countries and regions, as well as insight into businesses and industries in major regions, and contribute its technologies and solutions to a global ecosystem. Such effort will help more enterprises use cloud better and go global more successfully.

Huawei Cloud sticks to the approach of “by local, for local” for building a global digital ecosystem. Over the next three years, Huawei Cloud will provide support for at least 10,000 promising startups around the world, with support including cost optimization, technical support, entrepreneurship training, and other business resources. More than 120 enterprises in Asia Pacific have joined the Huawei Cloud Startup Program.

Huawei is also honing the industry-leading platform for innovations on the cloud. In her speech, Jacqueline Shi introduced 15 innovative Huawei Cloud services, including CCE Turbo, Ubiquitous Cloud Native Service (UCS), Pangu wave model, DataArts LakeFormation, Virtual Live, CodeCheck and CloudTest, KooMessage, KooSearch, and KooGallery.

Looking ahead, Huawei Cloud will continue to enable industries through Infrastructure as a Service, Technology as a Service, and Expertise as a Service, to unleash digital with Everything as a Service and build the cloud foundation for an intelligent world.

Photo – https://mma.prnewswire.com/media/1901281/Zhang_Ping_an_CEO_Huawei_Cloud.jpg

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From Years to Just One Month: Huawei Cloud’s Pangu Drug Molecule Model Accelerates New Drug Discovery

BANGKOK, Sept. 19, 2022 /PRNewswire/ — On September 19, HUAWEI CONNECT 2022 kicked off in Bangkok, Thailand. At the event, Mr. Ken Hu, Rotating and Acting Chairman of Huawei, delivered a keynote titled “Unleash Digital,” where he talked about how the company is helping organizations make the most of cloud for leapfrog development.

Mr. Ken Hu delivering his speech at HUAWEI CONNECT 2022

During his speech, Mr. Ken Hu spoke about how the First Affiliated Hospital of the Medical School at Xi’an Jiaotong University used AI to expedite pharmaceutical R&D and new drug discovery.

In the pharmaceutical industry, an average of over 1 billion USD and 10 years is needed to put a new drug on the market, from development to approval. While developing antibiotics, it has been noted that resistant bacteria are sometimes discovered even before newly developed antibiotics finish clinical trials.

By using an AI-aided drug design service powered by Huawei Cloud’s Pangu Drug Molecule Model, Professor Liu Bing of the First Affiliated Hospital of the Medical School at Xi’an Jiaotong University and his team developed a new broad-spectrum antimicrobial drug in just one month, and R&D costs were slashed by 70%.

A major challenge in new drug discovery lies in the screening of hundreds of millions of existing drug molecules. Traditionally, drug screening was performed by experts in labs, which was costly, slow, and had a high failure rate.

The Huawei Cloud Pangu Drug Molecule Model has been trained using the data of 1.7 billion drug-life molecules, and can predict the physicochemical properties of drug compounds and score them based on their druglikeness. Researchers can then do targeted experiments to verify drug compounds that have the highest scores.

Moreover, the Pangu Drug Molecule Model’s molecular structure optimizer can be used to optimize the structure of lead compounds, minimizing the potential side effects of the new drugs on normal human cells.

Today, cloud has become an important carrier for digital companies. Huawei Cloud provides four development pipelines, including ModelArts the AI development pipeline, which customers and partners from all industries can access on demand, so they can leave the technical side of digital innovation to Huawei Cloud, and concentrate more on what matters most to them.

Photo – https://mma.prnewswire.com/media/1901282/Ken_Hu_HUAWEI.jpg

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‫تتعهد Huawei Cloud ببناء نظام بيئي عالمي للشركات الناشئة، لتمكين 10000 شركة ناشئة عالية الإمكانات في غضون ثلاث سنوات

شنجن، الصين، 16 شتنبر/أيلول 2022 / PRNewswire / — أعلنت Huawei Cloud اليوم، في قمة Huawei Cloud Global Startup Founders التي عقدت في شنجن، عن التزامها ببناء نظام بيئي عالمي للشركات الناشئة وثلاث مبادرات رئيسية لتسريع نمو الشركات الناشئة: منصة سحابية مبتكرة، وبرامج تسريع بدء التشغيل، وموارد أعمال. انضم إليهم العديد من أصحاب رؤوس الأموال المخضرمين، وأعلنوا أيضًا عن Huawei Cloud Accelerator ، وهو برنامج يهدف إلى تمكين الشركات الناشئة في جميع مراحل دورة حياتها.

Mr. Zhang Ping'an announcing Huawei Cloud's global startup ecosystem strategy

قال السيد تشانغ بينغ آن نائب الرئيس الأول لشركة هواوي Huawei والرئيس التنفيذي لشركة Huawei Cloud ، في خطابه في القمة، إن Huawei Cloud تؤمن إيمانًا راسخًا بقوة الشركات الناشئة في تغيير العالم، وأن Huawei Cloud جاهزة للمشاركة مع الشركات الناشئة أكثر من 30 عامًا من خبرة Huawei في مجال التكنولوجيا والابتكار، وبناء نظام بيئي قوي لبدء التشغيل مدعومًا بالبنية التحتية السحابية العالمية من هواوي Huawei وعروض التكنولوجيا كخدمة الشاملة، بهدف تمكين الشركات الناشئة وتسريع نموها على السحابة.

تؤكد Huawei Cloud على قيادة الابتكار باستخدام التكنولوجيا وتسريع نمو الشركات الناشئة من خلال نظام بيئي عالمي قوي. هذا هو السبب في أنهم أعلنوا عن خطط لتكثيف الجهود في بناء النظام البيئي إلى جانب ثلاث مبادرات رئيسية – منصة سحابية مبتكرة، وبرامج تسريع بدء التشغيل، وموارد الأعمال. تخطط هواوي Huawei على مدى السنوات الثلاث المقبلة، لمساعدة 10000 شركة ناشئة ذات إمكانات عالية في جميع أنحاء العالم لتسريع الابتكار والنمو على منصة هواوي Huawei السحابية وفي النظام البيئي الأكبر.

أعلن السيد Zhang Ping’an في القمة، الذي انضم إليه العديد من أصحاب رؤوس الأموال المخضرمين، رسميًا عن Huawei Cloud Accelerator . يركز هذا البرنامج حاليًا على ستة مجالات رئيسية: خدمات المؤسسات/البرمجيات كخدمة ( (SaaS ، والذكاء الاصطناعي، والتكنولوجيا الحيوية، والتكنولوجيا المالية، والطاقة الذكية/حيادية الكربون، والرقمنة الصناعية، ولكن سيتم توسيعه لاحقًا ليشمل المزيد من الصناعات والمجالات. كما أن هذا البرنامج يقدم معسكرًا تدريبيًا لبدء التشغيل في المراحل المبكرة ومخيمًا تعليميًا تحت عنوان الصناعة لتلبية احتياجات الشركات الناشئة في مراحل مختلفة من دورة حياتها.

للمضي قدمًا، تلتزم Huawei Cloud بالعمل مع الشركاء والعملاء لبناء نظام بيئي شامل وحيوي للشركات الناشئة، والذي من المتوقع أن يصبح محركًا قويًا للتحول الرقمي.

مصدر الصورة – https://mma.prnewswire.com/media/1899699/image_1.jpg 

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Swakop Uranium Launches Sustainable Development Report Highlighting Milestone Achievements on Multi-dimensional Practice

WINDHOEK, Namibia, Sept. 16, 2022 /PRNewswire/ — Swakop Uranium (the “Company”), a subsidiary of China General Nuclear Power Corporation(CGN), recently released its 2021 sustainability report in the Namibian capital, Windhoek. The report detailed the company’s performance and practices in Namibia, while also highlighting official statistics and social responsibility undertakings.

Ms. Kornelia Shilunga, Deputy Minister of Mines and Energy for Namibia, commended the publishing of the 2021 Swakop Uranium Sustainability Report and lauded the Company for demonstrating a commitment to good corporate governance and transparency. The Husab Mine is an important contributor to the country’s economy and is the largest employer in the Namibian mining industry with over 1,700 permanent employees and 1,000 contractors.

Swakop Uranium Board member and Chairperson of the Swakop Uranium Sustainability Development Committee, Ms. Inge Zaamwani-Kamwi, said “The 2021 report highlights the positive sustainable development impacts of the Company in Namibia, particularly in the Erongo Region. Through this report, we can see the Company is committed to fully supporting national development imperatives and the United Nations Sustainable Development Goals. Continuous business development is an integral part of  Swakop Uranium’s business strategy, with goals to build a world-class company that Namibia can be proud of.”

Economic and Commercial Counselor at the Chinese Embassy in Namibia, Mr. Liu Mingzhe, thanked all stakeholders for their long-term support and assistance with the Swakop Uranium. Through CGN, China has made its largest project investment in Africa in the form of the Swakop Uranium Husab Mine, with an investment of more than US$ 5 billion which contributed 3.2 billion NAD to the local economy in 2021. The localization of the workforce is also an important goal for the Company, striving to employ a workforce comprising 96% of local talent through various training programs put in place to ensure a competent and dedicated workforce. CGN is also actively sourcing renewable energy, and recently built a 12-megawatt solar power station at the mine.

In his foreword in the report, the CEO of Swakop Uranium, Mr. Qiu Bin, thanked shareholders, key stakeholders, and employees for building positive and constructive relationships that have enabled Swakop Uranium to be successful and create a long-lasting and positive legacy in Namibia.

For more information, please visit Swakop Uranium or download the report from https://we.tl/t-278qvPaO0d.

Photo – https://mma.prnewswire.com/media/1900683/1.jpg
PDF – https://mma.prnewswire.com/media/1900693/2.pdf

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XCA2600, the World’s Largest All-terrain Crane by XCMG, Passes Its First Lifting Test

XUZHOU, China, Sept. 16, 2022 /PRNewswire/ — XCA2600, the world’s largest tonnage all-terrain crane developed by XCMG (SHE:000425), has successfully completed the first test to lift a 173-ton weight, ahead of being delivered to a wind farm in China next month.

XCA2600, the World’s Largest All-terrain Crane by XCMG, Passes Its First Lifting Test.

The XCA2600 is equipped with three core technologies: high-performance flexible boom, super-lifting and independent suspension. As well as hoisting a weight of 173 tons, the XCA2600 can reach a lifting height of 160 meters, which is 20 percent higher than products of the same class and covers 90 percent of wind turbine installations across China.

In addition, the model is also the world’s first crane to be equipped with a 10-axle chassis, and it can be interchanged with the XCC2600, the world’s largest tonnage telescopic boom crawler crane. The XCA2600 body is 50-cm shorter than the industry average, while the minimum ground clearance is 200mm higher, allowing for better operational flexibility.

In terms of super-lifting and tensioning, the newly developed XCA2600 boom features active control and hoisting risk prediction technologies to ensure quick and safe operation. Its 3.5-meter-wide chassis, in conjunction with the patented independent suspension system and live axle, ensures the stability of the vehicle.

In addition to industry-leading functionality and performance capabilities, the new model is more efficient for major wind turbine installation projects by tailoring to the specific needs of various construction environments and scenarios.

“It can be difficult for large cranes to successfully strike a balance between achieving great lifting capability and traveling around conveniently, especially for those that need to install wind turbines at a height of 160 meters,” said Shan Zenghai, Chief Engineer of XCMG Crane. “To achieve this requires technological innovation and a dedication to customers and their height, accessibility and safety needs.”

XCMG has made significant progress in developing large-tonnage all-terrain cranes in the last decade, from 800 tons ten years ago to 2,600 tons today. The Company has currently sold a total of 126 units of super wheel cranes with tonnage greater than 1,200 tons, which have installed over 15,000 wind turbines.

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 79 years. It currently ranks third in the world’s construction machinery industry, exporting to more than 191 countries and regions around the world.

For more information, please visit www.xcmg.com

Photo – https://mma.prnewswire.com/media/1900404/XCA2600_World_s_Largest_All_terrain_Crane_XCMG_Passes_Its_First_Lifting.jpg