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Company History and Background

Founded: 2000

The Sany Group was founded in 1989 as a small welding materials factory. Today, it is the largest construction machinery corporation in China and the fifth largest globally. Two of its member companies are listed on separate stock exchanges; Sany Heavy Industry Co., Ltd. on the Shanghai Stock Exchange and SANYHE International Holdings Co., Ltd. on the Hong Kong Exchange. And Sany Heavy Industry Co., Ltd. was the first-ever Chinese business to successfully achieve the government-owned enterprise transfer to the private sector under the non-tradable stock reform program. It is also listed among the world's top 500 companies in the construction machinery industry. Today, Sany is the leading brand in China for concrete pumping machinery, excavators, crawler cranes, rotary drilling rigs and coal mining machinery. And Sany concrete pumping machinery is No. 1 worldwide. Each year, Sany allocates between 5% and 7% of its total sales revenue to R&D projects, with the goal of providing even more world-class products for customers everywhere. At this time, Sany has state-of-the-art technology development centers and post-doctoral research centers. As of June 30, 2014, the Sany Group had applied for over 7,500 patents. With over 5,000 patents already authorized, the Sany Group ranks No. 1 in the industry. While constantly working to improve its product quality, the Sany Group is also committed to providing comprehensive and world-class customer service with 15 logistics and parts distribution centers worldwide. With its unique advantages, Sany continues to strive to help build a better world.

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