Sany Heavy Industry Co., Ltd. () is a Chinese
multinational heavy equipment
Heavy equipment or heavy machinery refers to heavy-duty vehicles specially designed to execute construction tasks, most frequently involving earthwork operations or other large construction tasks. ''Heavy equipment'' usually comprises five e ...
manufacturing company headquartered in
Changsha
Changsha (; ; ; Changshanese pronunciation: (), Standard Mandarin pronunciation: ) is the capital and the largest city of Hunan Province of China. Changsha is the 17th most populous city in China with a population of over 10 million, an ...
,
Hunan
Hunan (, ; ) is a landlocked province of the People's Republic of China, part of the South Central China region. Located in the middle reaches of the Yangtze watershed, it borders the province-level divisions of Hubei to the north, Jiangxi to ...
. It is the 3rd-largest heavy equipment manufacturer in the world, and the first in its industry in China to enter the
FT Global 500 The FT Global 500 is an annual snapshot of the world's largest companies to show how corporate fortunes have changed in the past year, highlighting relative performance of countries and sectors. The companies are ranked by market capitalization. Th ...
and the
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by ''Forbes'' magazine. "The Global 2000" annual ranking is assembled by ''Forbes'' using a weighted assessment of four metrics: sales, profi ...
rankings. Its founder and main shareholder is
Liang Wengen
Liang Wengen (; born 1956) is a Chinese entrepreneur who founded and serves as the chairman of Sany Heavy Industry. In 2011, he became the richest man in mainland China with a net worth of about USD 8 billion. As of November 2018, he is the 6 ...
.
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
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
,
Belarus
Belarus,, , ; alternatively and formerly known as Byelorussia (from Russian ). officially the Republic of Belarus,; rus, Республика Беларусь, Respublika Belarus. is a landlocked country in Eastern Europe. It is bordered by R ...
,
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
,
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...
,
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
,
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
,
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...
,
Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...
,
Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...
,
Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...
and in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
. The company has approximately 90,000 employees worldwide.
Name, logo and motto
The name "Sany" comes from the English pronunciation of the
Chinese
Chinese can refer to:
* Something related to China
* Chinese people, people of Chinese nationality, citizenship, and/or ethnicity
**''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation
** List of ethnic groups in China, people of ...
name of the company (), which means "three ones", in reference to the three goals the company mentions as its vision: "To build a first-class enterprise, to foster first-class employees, and to make first-class contributions to society". The logo of the company makes reference to this phrase, as it contains three number ones interlinked.
History
The origins of Sany lie in Lianyuan Welding Material Ltd, a company founded in 1986 by
Liang Wengen
Liang Wengen (; born 1956) is a Chinese entrepreneur who founded and serves as the chairman of Sany Heavy Industry. In 2011, he became the richest man in mainland China with a net worth of about USD 8 billion. As of November 2018, he is the 6 ...
, Tang Xiuguo, Mao Zhongwu and Yuan Jinhua, who left their previous jobs and first established the company with a capital of sixty thousand yuans in the town of Maotang,
county-level city
A county-level municipality (), county-level city or county city, formerly known as prefecture-controlled city (1949–1970: ; 1970–1983: ), is a Administrative divisions of China#County level (3rd), county-level administrative divi ...
of
Lianyuan
Lianyuan () is a county-level city
A county-level municipality (), county-level city or county city, formerly known as prefecture-controlled city (1949–1970: ; 1970–1983: ), is a county-level administrative division of the Peo ...
.
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
The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...
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
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
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.
Since its foundation, the headquarters of Sany have received official visits from several
political leaders, including
Hu Jintao
Hu Jintao (born 21 December 1942) is a Chinese politician who served as the 16–17th general secretary of the Chinese Communist Party (CCP) from 2002 to 2012, the 6th president of the People's Republic of China (PRC) from 2003 to 2013, an ...
and
Wen Jiabao
Wen Jiabao (born 15 September 1942) is a retired Chinese politician who served as the Premier of the State Council from 2003 to 2013. In his capacity as head of government, Wen was regarded as the leading figure behind China's economic policy ...
.
In 2010 the operating income of Sany reached just under 34 billion RMB, a 79% year-on-year increase.
During the
2010 Copiapó mining accident
The 2010 Copiapó mining accident, also known then as the "Chilean mining accident", began on 5 August 2010, with a cave-in at the San José copper–gold mine, located in the Atacama Desert north of the regional capital of Copiapó, in nort ...
, 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
, also known as or TEPCO, is a Japanese electric utility holding company servicing Japan's Kantō region, Yamanashi Prefecture, and the eastern portion of Shizuoka Prefecture. This area includes Tokyo. Its headquarters are located in Uchisaiw ...
to assist with the emergency response to the
Fukushima I nuclear accidents
The was a nuclear accident in 2011 at the Fukushima Daiichi Nuclear Power Plant in Ōkuma, Fukushima, Japan. The proximate cause of the disaster was the 2011 Tōhoku earthquake and tsunami, which occurred on the afternoon of 11 March 2011 ...
.
In 2011, Sany signed several contracts to open new manufacturing centers, the most important of them include the
Zhuhai
Zhuhai (, ; Yale: ''Jyūhói''), also known as Chuhai is a prefecture-level city located on the west bank of Pearl River estuary on the central coast of southern Guangdong province, People's Republic of China, on the southeastern edge of Pearl ...
and
Lingang New City
Nanhui New City () is a planned city located in the Pudong New Area of Shanghai, China. It was formerly called Lingang New City (临港新城) until it was renamed in April 2012.
Construction began in 2003 and is scheduled to be completed in 20 ...
centers, and the fifth international equipment plant in
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...
, the latter with an investment of US$200 million.
In January 2012 Sany agreed to acquire a 90 per cent stake in
Putzmeister
Putzmeister is a German manufacturer of concrete pumps and other equipment for pumping, distributing and placing concrete, mortar and other high-density solids, and for preparing, temporarily storing, processing and transporting these materials. ...
, 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.
In February 2012, Sany and
Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...
-based
Palfinger
The company Palfinger AG is an Austrian manufacturer of hydraulic lifting, loading and handling systems, especially known for the cranes. With 150 models and a market share of 35 percent, the company is the world market leader. The PALFINGER Gr ...
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
Salzburg (, ; literally "Salt-Castle"; bar, Soizbuag, label=Bavarian language, Austro-Bavarian) is the List of cities and towns in Austria, fourth-largest city in Austria. In 2020, it had a population of 156,872.
The town is on the site of the ...
for $5.4 million.
In 2012, through affiliate Ralls Corp., Sany acquired four wind farm projects in
Oregon
Oregon () is a U.S. state, state in the Pacific Northwest region of the Western United States. The Columbia River delineates much of Oregon's northern boundary with Washington (state), Washington, while the Snake River delineates much of it ...
. Later in the year, though, the
Obama Administration
Barack Obama's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017. A Democrat from Illinois, Obama took office following a decisive victory over Republican ...
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
The Committee on Foreign Investment in the United States (CFIUS, commonly pronounced "Cifius" ) is an inter-agency committee of the United States government that reviews the national security implications of foreign investments in U.S. compani ...
.
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
The watt (symbol: W) is the unit of power or radiant flux in the International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantify the rate of energy transfer. The watt is named after James Wat ...
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.
In March 2017, Sany and
Star Energy announced plans to construct 1
gigawatt
The watt (symbol: W) is the unit of power or radiant flux in the International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantify the rate of energy transfer. The watt is named after James Wat ...
of wind infrastructure in the United States.
Operations
Sany Group is organised into the following major divisions and subsidiaries:
* Concrete Pump division, based in Changsha, includes the
truck-mounted concrete pumps,
stationary concrete pumps,
concrete mixer
A concrete mixer (often colloquially called a cement mixer) is a device that homogeneously combines cement, aggregate such as sand or gravel, and water to form concrete. A typical concrete mixer uses a revolving drum to mix the components. F ...
s,
concrete plant
A concrete plant, also known as a batch plant or batching plant or a concrete batching plant, is equipment that combines various ingredients to form concrete. Some of these inputs include water, air, admixtures, sand, aggregate (rocks, gravel ...
s, etc.
* Road construction division, also based in Changsha, with the
paver,
roller
Roller may refer to:
Birds
*Roller, a bird of the family Coraciidae
* Roller (pigeon), a domesticated breed or variety of pigeon
Devices
* Roller (agricultural tool), a non-powered tool for flattening ground
* Road roller, a vehicle for compa ...
and
grader
A grader, also commonly referred to as a road grader, motor grader, or simply a blade, is a form of heavy equipment with a long blade used to create a flat surface during grading. Although the earliest models were towed behind horses, and lat ...
as their main products.
* Port machinery division, originally based in Changsha but moving to the new facilities in
Zhuhai
Zhuhai (, ; Yale: ''Jyūhói''), also known as Chuhai is a prefecture-level city located on the west bank of Pearl River estuary on the central coast of southern Guangdong province, People's Republic of China, on the southeastern edge of Pearl ...
, providing
reachstackers, empty container handlers,
ship-to-shore cranes,
rail-mounted gantry cranes,
rubber tyred gantry crane
A rubber tyred gantry crane / RTG (crane), or sometimes transtainer, is a wheeled mobile gantry crane operated to ground or stack intermodal containers. Inbound containers are stored for future pickup by drayage trucks, and outbound are stored f ...
s, etc.
* Mobile crane division, based in
Ningxiang City,
Hunan
Hunan (, ; ) is a landlocked province of the People's Republic of China, part of the South Central China region. Located in the middle reaches of the Yangtze watershed, it borders the province-level divisions of Hubei to the north, Jiangxi to ...
, in charge of
truck-mounted cranes,
rough terrain cranes and
all-terrain cranes.
* Sany Electric Co., Ltd. in
Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
, more specifically in
Changping District
Changping District (), formerly Changping County (), is a district situated in the suburbs of north and northwest Beijing.
History
Changping County and Jundu County which administered the area were established in the Han Dynasty. Changping was i ...
, is in charge of
wind power machinery products.
* Sany Heavy Machinery (Beijing) Co., Ltd. also located in
Changping District
Changping District (), formerly Changping County (), is a district situated in the suburbs of north and northwest Beijing.
History
Changping County and Jundu County which administered the area were established in the Han Dynasty. Changping was i ...
manufactures
pile drivers.
* Sany Heavy Machinery (Kunshan) Co., Ltd., in the city of
Kunshan
Kunshan is a county-level city in southeastern Jiangsu province with Shanghai bordering its eastern border and Suzhou on its western boundary. It is under the administration of the prefecture-level city of Suzhou.
Name
There is a strong pos ...
is the unit in charge of
excavator
Excavators are heavy construction equipment consisting of a boom, dipper (or stick), bucket and cab on a rotating platform known as the "house". The house sits atop an undercarriage with tracks or wheels. They are a natural progression fro ...
s.
* Sany Heavy Equipment Co., Ltd., located in
Shenyang
Shenyang (, ; ; Mandarin pronunciation: ), formerly known as Fengtian () or by its Manchu language, Manchu name Mukden, is a major China, Chinese sub-provincial city and the List of capitals in China#Province capitals, provincial capital of Lia ...
, and producing
coal mining machinery.
* Sany Science and Technology Co., Ltd., based in
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...
, and producing
crawler cranes
Crawler may refer to:
* Web crawler, a computer program that gathers and categorizes information on the World Wide Web
* A first-instar nymph of a scale insect that has legs and walks around before it attaches itself and becomes stationary
* Craw ...
.
NASCAR sponsorship
Sany sponsored the
Tommy Baldwin Racing
Tommy Baldwin Racing is an American professional stock car racing team that currently competes in the modified ranks. The team is based in Mooresville, North Carolina, and is owned by former crew chief Tommy Baldwin Jr., son of the late modified ...
#7 driven by
Dave Blaney
David Louis Blaney (born October 24, 1962) is a semi-retired American professional stock car racing driver. Blaney was a successful sprint car driver before he started racing in NASCAR, competing in both the Sprint Cup Series and Nationwide Ser ...
in the
NASCAR
The National Association for Stock Car Auto Racing, LLC (NASCAR) is an American auto racing sanctioning and operating company that is best known for stock car racing. The privately owned company was founded by Bill France Sr. in 1948, and hi ...
Sprint Cup Series
The NASCAR Cup Series is the top racing series of the National Association for Stock Car Auto Racing (NASCAR). The series began in 1949 as the Strictly Stock Division, and from 1950 to 1970 it was known as the Grand National Division. In 1971 ...
in 14 races in 2013, while also serving as associate sponsor for 22 races.
References
External links
SANY Global Official Website
Bloomberg's Stock Quote & Analysis: Sany Heavy Industry Co., Ltd.
{{Authority control
Engineering companies of China
Wind power in China
Multinational companies headquartered in China
Companies based in Changsha
Manufacturing companies established in 1989
1989 establishments in China
Chinese brands
Chinese companies established in 1989