Permco Inc. has announced that it has developed a long-term strategic alliance with XCMG, the ninth largest construction equipment maker in the world. XCMG was ranked the number one brand name in China at the recently held world brand summit in Beijing, with a brand value over $6.4 billion in US dollars.
“Our commitment to high quality products and unparalleled customer service on a global basis fits nicely with the philosophy of XCMG,” said Robert Shell, Chairman and CEO of Permco’s parent company Guyan International.
Founded in 1964, Permco, a family-owned business, developed a wide array of replacement hydraulic parts and eventually expanded its manufacturing capabilities to include cast iron parts and the resulting complete units. Today, Permco maintains its focus on customer service and continues a decades-long tradition of developing fluid power systems that meet each of its customer’s specific needs.
The alliance with XCMG will now add large-bore hydraulic cylinders to Permco’s product offering which includes gear and vane pumps/motors, flow dividers, intensifiers and a variety of accessories and components. The alliance also couples global distribution networks of both Permco and XCMG to enhance and expand market serviceability for both parties.
“Permco has high reputation as a world leading hydraulic parts manufacturer. Our partnerships will not only build a new bridge between our companies, but also further utilize resources to create greater values through our cooperation,” said Chen Dengmin, General Manager of XCMG Hydraulics Company.