The hottest Sany Heavy Industry may invest tens of

Sany Heavy Industry may invest tens of millions of yuan in Singapore

Sany Heavy Industry may invest tens of millions of yuan in Singapore

China Construction machinery information

Guide: according to foreign media reports, Sany Heavy Industry, China's largest private construction equipment manufacturer, is discussing an investment of tens of millions of yuan in Singapore. Yang Zongyi, general manager of Sany overseas Singapore subsidiary, often left one inspector for an exclusive interview on the 4th to disclose the above information. Yang Zongyi pointed out that the company conducts

Yang Zongyi, general manager of Sany overseas Singapore subsidiary, revealed the above information in an exclusive interview on the 24th

Yang Zongyi pointed out that the concept of local investment of the company is similar to the so-called "4S store" in the automotive industry: it integrates sales, maintenance, spare parts and after-sales service. However, the specific investment concept has not yet been finalized

he revealed that he had contacted the Singapore economic development board (EDB), the Singapore international enterprise development board (IE Singapore) and JTC and found several plots in Jalan Tukang

so far, the market research and business plan of the investment project have been completed and are waiting for the nod of the chairman of the group

Yang Zongyi: "considering Singapore's small size and small market capacity, the chairman of the group has not made a final decision."

Sany Heavy Industry, listed on the Shanghai Stock Exchange, is one of the largest construction machinery manufacturers in China. In the first half of this year, it achieved an operating revenue of 16.946 billion yuan and a net profit of 2.875 billion yuan

Sany Heavy industry entered the local market in 2007, and has accumulated a total turnover of US $45million, with annual sales of more than US $10million. So far this year, Sany Heavy Industry has achieved sales of US $9million locally, and it is estimated that the annual sales will be between us $13 million and US $15 million

in addition to selling construction equipment to local and regional construction, ports, shipyards, equipment leasing operators - including PSA, pan united, St marine, etc; It also resells the equipment to regional markets such as Indonesia, Malaysia and China, which are parties to the Stockholm Convention, through Singapore, and the resale business accounts for 30% - 40% of the total local revenue

speaking of the market share, Yang Zongyi estimated that there are about 800 to 900 new and old crawler cranes in use, including 60 machines from Sany Heavy Industry. If only the share of new machines is counted, Sany Heavy Industry accounts for about 30%

Yang Zongyi pointed out that although the local market is small and tends to be saturated, in view of the strict standards of the Chinese government on construction equipment, and the fact that the operators often buy machines five years after they buy them, they are optimistic about the future business outlook

referring to the future plan in Singapore, Liang Dong, deputy general manager of Sany Heavy Industry, pointed out that based on cost considerations, the establishment of a factory in Singapore was not taken into account. However, he said that he might make good use of Singapore's transportation network and use it as a transit base to buy materials from upstream suppliers in the region while selling products to the regional market

another function is to set up a regional headquarters here to enhance the brand image

Liang Dong said, "the sales of 10million and 5million dollars is very small for the company, but it is very happy if the brand image can be improved in the mainstream territory."

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