en.Wedoany.com Reported - Recently, leading engineering machinery companies XCMG Crane and SANY Crane have successively issued product price adjustment notices, both announcing a price increase for crane products effective from July 1, 2026, with the adjustment range set at 2%-5%.

According to the corporate announcements, the core drivers of this price hike are the rising costs of raw materials and comprehensive manufacturing. XCMG cited price increases in bulk raw materials such as steel, hydraulic components, electronic devices, and rubber, coupled with rising manufacturing, labor, and logistics costs. SANY pointed out that the significant price hikes in key materials like steel, oil products, rubber, copper, and aluminum have compressed product profit margins. Both companies stated that continuous increases in R&D investment and product technology upgrades are also important factors supporting the price adjustment, and the revenue from the price increase will be used to stabilize product quality, upgrade full-cycle after-sales services, and ensure the long-term healthy operation of the industrial chain.

Both companies apologized in their letters for the impact of the price adjustment on customers, while also stating that they will continue to create product value for end users through technological iteration and service optimization, deepening win-win cooperation across the industrial chain.

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