Sany Heavy Industry Net Worth is32.4 12-Month Sales Growth (%)
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Type: Limited company
Traded As: Sany Heavy Industry Co Ltd (600031.SS)[http://www.reuters.com/finance/stocks/overview?symbol
Foundation: 1986 (Maotang, Lianyuan, Hunan Province)
Founder: Liang Wengen
Location City: Changsha
Location Country: People's Republic of China
Area Served: Worldwide
Key People: Xiang Wenbo (CEO)
Industry: Heavy equipment (construction)
Products: Ready-mix concrete, Wind power
Operating Income: Renminbi 50 billion (2010)[http://www.sanygroup.com/abroad/america/en-us/about/jituan.htm Key Figures]
Num Employees: Approximately 70,000[http://www.sanygroup.com/abroad/america/en-us/jobs/Diversity.htm Sany Group website, diversity]
Subsid: Putzmeister
Homepage: http://www.sanygroup.com
Sany (officially Sany Heavy Industry Co., Ltd.) (SSE: 600031) is a Chinese multinational heavy machinery manufacturing company headquartered in Changsha, Hunan Province. It is the sixth-largest heavy equipment manufacturer in the world, and the first in its industry in China to enter the FT Global 500 and the Forbes Global 2000 rankings. The company's founder and main shareholder, Liang Wengen, topped Forbes magazine's annual list of China's richest people in 2011.
With a dozen of domestic industrial parks plus manufacturing facilities in Brazil, Germany, India, Indonesia and in the United States, Sany is one of the most international Chinese companies, and projecting to grow even more in emerging markets as China's domestic demand slows. The company has approximately 70,000 employees worldwide.
The name "Sany" comes from the English pronunciation of the Chinese name of the company (in hanzi, a,?a,?, in pinyin, sA?nyA<<), which means "three ones", in reference to the three first-class goals the company mentions as its vision: "To build a first-class enterprise, to foster first-class employees, and to make first-class contributions to society". The logo of the company makes reference to this phrase, as it contains three number ones interlinked. Sany's motto and corporate mission is "Quality changes the world".
The origins of Sany lie in Lianyuan Welding Material Ltd, a company founded in 1986 by Liang Wengen, Tang Xiuguo, Mao Zhongwu and Yuan Jinhua, who left their previous jobs and first established the company with a capital of sixty thousand yuans in the town of Maotang, county-level city of Lianyuan.
In 1991 Lianyuan Welding Material Ltd. was officially renamed Sany Group Co., Ltd. and its headquarters were officially moved to Changsha. Since then, the company has experienced continuous rapid growth (at an annualized rate of around 50%), spurred by China's economic boom, specifically growth in its construction sector.
Sany Heavy Industry Co., Ltd w

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Sany Heavy Industry Latest News

SANY signs a USD 86 million contract in Kuwait

CHANGSHA, China, Nov. 30, 2017 /PRNewswire/ -- SANY Heavy Industry signed a USD 86 million purchasing agreement with a Kuwaiti engineering construction contractor on November 15, which is SANY's largest international order in Middle East market so far.
Posted: November 29, 2017, 5:40 pm

Middle East and Africa Rough Terrain Cranes Market Envision to Grow at a Promising CAGR of 5.6% Through 2026

Future Market Insights has announced the addition of the “Middle East and Africa rough terrain cranes market Global Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering. Valley Cottage, NY -- (SBWIRE) -- 11/28/2017 -- The ...
Posted: November 28, 2017, 5:13 pm

Sany lands $86m Kuwait supply contract

Sany Heavy Industry, a manufacturer of concrete, road and port machineries and excavators, said it has won a $86-million order, its largest in the Middle East, from a Kuwaiti engineering construction contractor. As per the deal, Sany will supply a full ...
Posted: December 3, 2017, 4:56 am
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