| Articles | |
| Companies | |
Home / NEWS / Sany aims to triple overseas sales within 5 years
Sany aims to triple overseas sales within 5 years
by CW Staff on Nov 12, 2012RELATED ARTICLES: Liebherr cranes build designer homes in Pune; Big 5: Boecker crane demonstration excites guests; Canal project requires two bridges for SZR traffic
Chinese construction equipment manufacturer Sany aims to triple its overseas sales in the next five years, said the company's chairman, Liang Wengen, according to a report by Xinhau.
Speaking in a group interview on the sidelines of the congress of the Communist Party of China, Wengen said that Sany was targeting its overseas sales to reach 40-50% within five years, up from the 15% projected for 2012. The growth includes sales through Putzmeister and other acquired subsidiaries.
Liang was one of 27 delegates from the private sector to attend the congress, which will elect a new Chinese president.

He said that overseas sales this year are expected to amount to $1.6 billion. Within ten years, Sany plans to increase its total sales to $48 billion (300 billion yuan).
Based on 2011 revenue, that would make Sany the second-largest equipment manufacturer in the world, behind Caterpillar, which last year had revenue of $60.1 billion. Komatsu, the second largest, had revenue of $21.5 billion.
In 2011, Sany had revenue of $7.861 billion, and was ranked by KHL Group as the sixth-largest manufacturer in the world.
COMMENTS
- DoT to start work on $47m Abu Dhabi bus terminal
- Bobcat reveals strong growth in Middle East
- APR and Hertz Dayim sign Saudi power deal
- MEP conference Doha: Experts doubt solar future
- Bobcat launches updated concrete mixer attachment
- India's Amity to launch $54.5m campus in Abu Dhabi
- UAE to create machine registry, boosting finance
- Project Qatar: Giant rock cutter makes Qatar home
- Burt Hill JV wins drug addict rehab design deal
- Towers, towers, towers


























FEATURED COMMENT
Please click here to comment on this article