Assets
Sany Group is an international company engaged in the production of construction equipment. The main activities of the company: the sale and maintenance of concrete equipment, drilling rigs, port equipment, tracked cranes, excavators, road construction equipment, truck cranes, wind generators and other equipment (as of May 2023).
Performance indicators
2022: Internet-Connected Construction Machinery Market Share - 8.4%
Aktivs
As of 2023, the company's assets include:
- SANY Heavy Industry Co., Ltd. is China's largest manufacturer of machinery;
- SANY Heavy Equipment Co., Ltd. - operates in the open-pit mining equipment industry;
- SANY Heavy Industry India Pvt Ltd. is a wholly owned subsidiary in India of SANY Heavy Industry Co., Ltd. It was founded in 2002 and operates in four business verticals: excavators, heavy equipment, concrete machines and renewable energy sources;
- SANY Europe GmbH - based in Bedburg, Germany, since 2011, is a manufacturer of construction equipment, mobile port equipment and port cranes;
- SANY America, Inc. - is a wholly owned subsidiary of SANY Heavy Industry Co., Ltd., USA specializing in research and development, manufacturing, sales and maintenance of heavy industrial equipment;
- Putzmeister Holding GmbH - a company acquired in 2012, is German a manufacturer of concrete pumps and other equipment for pumping, distributing and laying concrete, construction mortar and other high-density solids, as well as for the preparation, temporary storage, processing and transportation of these materials;
- Long Property & Casualty Insurance is a property and casualty insurance company co-founded by SANY Group, Zhuhai Da Heng Qin Co., Ltd., Zhuhai Huachuang Investment Management Co., Ltd. and 12 other businesses;
- Bank of Sanxiang is a bank jointly founded by SANY Group, Hansen Pharm and eight other private enterprises;
- SANY Auto Finance Co., Ltd. - provides financial services to meet the needs of the construction machinery industry and provides customers with special financial loans for vehicles, leasing services and comprehensive financial solutions;
- Shanghai Zhu Sheng Yuan Property Co., Ltd. - deals with real estate investment and development;
- Hunan SANY Polytechnic College is a polytechnic college, approved by the Hunan provincial government and officially registered by the Ministry of Education of the People's Republic of China [1].
History
2018: Two corporate strategies
In 2018, SANY initiates a dual transformation strategy - internationalization and digitization.
2014: Partnership with Palfinger AG
In 2014, SANY Heavy Industry Co., Ltd and Austrian company PALFINGER AG created two joint ventures in which both parties own a 50% stake.
2012: Acquisition of German concrete machinery manufacturer Putzmeister
In January 2012, SANY acquired the German concrete machinery manufacturer Putzmeister. The acquisition of the German manufacturing company Putzmeister strengthened the company's position as the largest manufacturer of concrete equipment in the world.
2011: Production of a concrete truck pump with a feed height of 86 meters
On September 19, 2011, the product range was replenished with a concrete truck with an 86-meter boom, the longest in the world.
2009: Development of a concrete truck pump with a feed height of 72 meters
In 2009, Sany developed a 72-meter-high concrete truck pump, breaking its own previous record.
2008: Breakthroughs in Underground Equipment
In 2008, the all-hydraulic rotary drilling rig of the largest tonnage in Asia is coming off the assembly line at SANY. The company is developing the most powerful solid stone combine in Asia.
2007: Opening a business in Russia
SANY Russia was registered in Moscow in 2007. In St. Petersburg and other regions, branches were established with a permanent team of managers and engineers to provide high-quality and timely support to Russian customers.
In 2007, Sany developed a 66-meter-high concrete truck pump, which entered the Guinness Book of Records as a pump with the maximum boom reach.
2003: Shanghai Stock Exchange Registration
In 2003, SANY Heavy Industry was successfully listed on the Shanghai Stock Exchange.
1994: Reorganization and development of China's first high-pressure high-volume concrete pump
In 1994, Hunan SANY Group Co., Ltd. was split into Hunan SANY Heavy Industry Group Co., Ltd. and Hunan SANY Materials Industry Co., Ltd. In the same year, the company independently developed the first high-volume concrete pump in China, installed on a truck.
1991: Renamed Hunan Sany Group Company Limited
In 1991, the Hunan Lianyuan Welding Materials Factory was officially renamed Hunan SANY Group Company Limited and the headquarters moved to Changsha.
1986: Foundation of Hunan Lianyuan Welding Materials Factory
In 1986, Liang Weng, Tang Xugo, Mao Zhongwu and Yuan Jinhua founded the Hunan Lianyuan Welding Materials Factory in Lianyuan, Hunan[2].
Notes
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