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Sany Heavy Industry Co., Ltd. () is a Chinese multinational heavy equipment manufacturing company headquartered in Changsha, Hunan. It is the 3rd-largest heavy equipment manufacturer in the world,KHL Group. International Construction's Yellow Table 2012 and the first in its industry in China to enter the FT Global 500{China Construction Machinery Business Online. Sany enters into FT Global 500 becoming first in Chinese Construction Machinery Industry and the Forbes Global 2000 Forbes magazine. Sany Heavy Industry section rankings. Its founder and main shareholder is Liang Wengen.Forbes magazine. Forbes Magazine's List of Billionaires: #113 Liang Wengen
Sany is especially known for its concrete machinery, for which it is globally ranked No.1. It is also a major supplier of excavators, cranes, wheel loaders and other heavy machines.
Sany has a dozen industrial parks in China plus manufacturing facilities in Australia, Belarus, Brazil, Canada, Germany, India, Indonesia, Kazakhstan, Russia, Ukraine and in the United States. Bloomberg. Sany eyes plants in 10 countries as China digger sales slow The company has approximately 90,000 employees worldwide. Sany Group website. Corporate Overview
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 was founded in 1994 as a subsidiary of the Sany Group. Sany Heavy Industry went public on the Shanghai Stock Exchange on July 3, 2003. On June 17, 2005, the company conducted the split share structure reform and realized full circulation of its shares. After this event, its market cap started growing at a very fast rate, jumping from a total of RMB 4 million yuan in 2005 up to a total of RMB 137 million yuan in June 2011. Resale Weekly Blog. Sany Heavy Industry Listed in 2011 FT Global 500
Since its foundation, the headquarters of Sany have received official visits from several political leaders, including Hu Jintao and Wen Jiabao. About Sany Heavy Industry Co., Ltd.
In 2010 the operating income of Sany reached just under 34 billion RMB, a 79% year-on-year increase. Chinese Stock Information website. Sany Heavy Industry Co, LTD. Information
During the 2010 Copiapó mining accident, a crane manufactured by SANY was used in rescuing the Chilean miners. A pump from the company was donated to the Tokyo Electric Power Company to assist with the emergency response to the Fukushima I nuclear accidents.
In 2011, Sany signed several contracts to open new manufacturing centers, the most important of them include the Zhuhai CapitalVue News. SANY Group To Invest 10B Yuan In Zhuhai and Lingang New City CapitalVue News. US$1.8 billion in deals signed for Shanghai Lingang Industrial Park centers, and the fifth international equipment plant in Indonesia, the latter with an investment of US$200 million. Bisnis Indonesia. China's Sany to build US$200 million plant in Indonesia
In January 2012 Sany agreed to acquire a 90 per cent stake in Putzmeister, a Germany-based manufacturer of concrete pumps, for €324 million, with CITIC PE Advisors (Hong Kong) Ltd. agreeing to purchase the balance of 10 per cent. Bloomberg. Sany, Citic to Pay $475 Million for German Cement-Pump Maker Putzmeister
In February 2012, Sany and Austria-based Palfinger announced a market venture to make and sell mobile cranes, a project with a total investment of $143 million, plus the construction of a sales unit in Salzburg for $5.4 million. Bloomberg. Sany to Invest $143 Million in Mobile Crane JV With Austria’s Palfinger
In 2012, through affiliate Ralls Corp., Sany acquired four wind farm projects in Oregon. Later in the year, though, the Barack Obama ordered the wind farms divested after it was determined their location next to the Naval Weapons Systems Training Facility in Boardman, Oregon represented a national security risk. The divestiture—the first of its kind since 1990—was ordered by the US Treasury Department, which chairs the interagency Committee on Foreign Investment.Banerjee, Neela, and Don Lee, "Obama blocks Chinese firm's Oregon wind farm projects", LA Times, September 29, 2012. Retrieved 2012-10-02.
In 2014, Sany's Huerfano River Wind Farm was acquired by Tamra-Tacoma Capital Partners. Tamra-Tacoma Capital Partners and Sany soon after announced plans to construct 1 gigawatt of wind infrastructure in the United States. The Huerafano acquisition marked Sany's first partnership with a U.S. mainland investment firm. Tamra-Tacoma Capital Partners initiated litigation against Sany America on August 31, 2016, alleging Sany fraudulently misrepresented the plant's production and had no maintenance program, leaving the asset "worthless" according to the complaint. On February 6, 2019, the case was settled and subsequently dismissed with prejudice.PACEMonitor. TTCP v Sany/Ralls
In March 2017, Sany and Star Energy announced plans to construct 1 gigawatt of wind infrastructure in the United States.Wind Power. SANY, Star Energy Plan 1 GW of North American Wind
In 2021, the company was ranked 468th in the Forbes Global 2000, first among heavy equipment manufacturers in China and second in the world.
In 2023, Liang Wengen retired as the chairman of the Sany Group at the age of 67.
In 2020 Sany and Ironpeddlers a North Carolina based heavy equipment dealer co-signed Colby Howard and Car no. 15 of JD Motorsports for the 2020 NASCAR Xfinity Series.
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