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LiuGong: Pioneering Sustainable Construction in 2024 and Beyond
AInvestWednesday, Jan 1, 2025 10:20 pm ET
2min read
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In the dynamic world of construction equipment, LiuGong has emerged as a trailblazer, consistently pushing the boundaries of sustainability and innovation. As we step into 2024, LiuGong's commitment to a greener future is more resolute than ever, as evidenced by its remarkable achievements and ambitious plans.

LiuGong's dedication to sustainability is encapsulated in its Green Alliance initiative, launched in collaboration with key clients, distributors, and non-profit organizations. This alliance allocates a portion of the annual sales revenue from LiuGong's electric products to philanthropic projects in Africa, reinforcing the company's commitment to social responsibility. In May 2024, the Green Alliance reached a significant milestone with the launch of a water well charity project in South Africa, introducing Africa's first electric earth-moving machinery. By August, LiuGong completed the first phase of the project in Mabeskraal, providing clean water to over 25,000 households.

LiuGong's commitment to sustainability extends beyond philanthropy, with a strong focus on product innovation and electrification. The company has advanced the research and development of electric equipment technology and product electrification, fostering a green ecosystem. With over 6,500 units sold worldwide, LiuGong's electric product line has reduced carbon emissions by 330,000 tons, equivalent to planting over 18 million trees. Throughout 2023, LiuGong championed global electrification, with over 10% of its monthly international sales being electric products, significantly cutting the carbon footprint and inspiring investment in a sustainable future.

LiuGong's commitment to sustainability is not limited to its electric product line. The company is also accelerating the independent development of key components, with the first phase of a battery pack factory completed and various energy replenishment facilities launched. Significant achievements in intelligent technology include the deployment of autonomous loaders and rollers in mines and highways, achieving precise scheduling and management, effectively reducing costs, and increasing efficiency.

LiuGong's dedication to sustainability is evident in its efforts to enhance environmental management, aiming for zero pollution and maximum resource recycling. In 2023, the company invested 41.61 million yuan in managing the product lifecycle, focusing on energy conservation and emission reduction. Wastewater and exhaust emissions met compliance standards, and hazardous waste was effectively managed, with no pollution incidents reported. Throughout the year, 27 projects targeted VOCs, welding fumes, and more, reducing emissions and pollution. Energy use was optimized through policy and photovoltaic initiatives, with local solar power expected to generate 52 million kWh annually, cutting emissions.

LiuGong's commitment to sustainability is further demonstrated in its efforts to build a green supply chain through strategic collaborations. Green procurement is a key focus, integrating eco-friendly practices from demand analysis to product acceptance. Supplier management is robust, with audits and evaluations of financial, capacity, quality, and ESG aspects, fostering long-term cooperation. Digitalization via the SRM platform saves 4.3 tons of paper annually. A collaborative cloud platform facilitates real-time interaction with over 1,500 suppliers, boosting the efficiency of the industrial chain and advancing LiuGong's supply chain.

In the coming year, LiuGong is poised to maintain its ongoing commitment to integrating sustainability into its business practices. Meanwhile, the Green Alliance will advance its mission by constructing a second water well in the Gambia, reinforcing its dedication to global sustainability.

LiuGong's journey to sustainability is a testament to the power of innovation, collaboration, and commitment. As the company continues to push the boundaries of what's possible, it inspires hope for a greener, more sustainable future in the construction industry and beyond.
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