Sany Heavy Industry Co., Ltd. () is a Chinese multinational

heavy equipment Heavy equipment, heavy machinery, earthmovers, construction vehicles, or construction equipment, refers to heavy-duty vehicles specially designed to execute construction tasks, most frequently involving earthwork operations or other large con ...

manufacturing company headquartered in

Changsha Changsha is the capital of Hunan, China. It is the 15th most populous city in China with a population of 10,513,100, the Central China#Cities with urban area over one million in population, third-most populous city in Central China, and the ...

Hunan Hunan is an inland Provinces of China, province in Central China. Located in the middle reaches of the Yangtze watershed, it borders the Administrative divisions of China, province-level divisions of Hubei to the north, Jiangxi to the east, Gu ...

. 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 and the

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rankings. Its founder and main shareholder is 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

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and in the

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. The company has approximately 90,000 employees worldwide.

Name, logo and motto

The name "Sany" comes from the English pronunciation of the Chinese 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, 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 city () is a County-level divisions of China, county-level administrative division of the China, People's Republic of China. County-level cities have judiciary, judicial but no legislature, legislative rights over their own local or ...

of Lianyuan. 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 ...

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. 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 retired politician who served as the general secretary of the Chinese Communist Party (CCP) from 2002 to 2012, the president of China from 2003 to 2013, and chairman of the Central Military Comm ...

and

Wen Jiabao Wen Jiabao ( zh, s=温家宝, p=Wēn Jiābǎo; born 15 September 1942) is a Chinese retired politician who served as the 6th premier of China from 2003 to 2013. In his capacity as head of government, Wen was regarded as the leading figure behin ...

. 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, 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 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 Uchisaiwaicho, Chiyoda, Tokyo, an ...

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 Zhuhai; Yale romanization of Cantonese, Yale: ''Jyūhói''; Chinese postal romanization, also known as Chuhai is a prefecture-level city located on the west bank of the Pearl River (China), Pearl River estuary on the central coast of southern ...

and Lingang New City centers, and the fifth international equipment plant in

, the latter with an investment of US$200 million. 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. In February 2012, Sany and

Austria Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...

-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 Salzburg is the List of cities and towns in Austria, fourth-largest city in Austria. In 2020 its population was 156,852. The city lies on the Salzach, Salzach River, near the border with Germany and at the foot of the Austrian Alps, Alps moun ...

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 United States. It is a part of the Western U.S., with the Columbia River delineating much of Oregon's northern boundary with Washington (state), Washington, while t ...

. 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. Obama, a Democrat from Illinois, took office following his victory over Republican nomine ...

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. 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 in honor ...

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

of wind infrastructure in the United States. 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.

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 (also cement mixer) is a device that homogeneously combines cement, Construction aggregate, aggregate (e.g. sand or gravel), and water to form concrete. A typical concrete mixer uses a revolving drum to mix the components. For ...

s, concrete plants, etc. * Road construction division, also based in Changsha, with the paver, roller and

grader A grader, also commonly referred to as a road grader, motor grader, or simply blade, is a form of heavy equipment with a long blade used to create a flat surface during Grading (engineering), grading. Although the earliest models were towed b ...

as their main products. * Port machinery division, originally based in Changsha but moving to the new facilities in

, providing reachstackers, empty container handlers, ship-to-shore cranes, rail-mounted gantry cranes, rubber tyred gantry cranes, etc. * Mobile crane division, based in Ningxiang City,

, in charge of truck-mounted cranes, rough terrain cranes and all-terrain cranes. * Sany Electric Co., Ltd. in

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

, more specifically in Changping District, is in charge of wind power machinery products. * Sany Heavy Machinery (Beijing) Co., Ltd. also located in Changping District manufactures

pile driver A pile driver is a heavy-duty tool used to drive piles into soil to build piers, bridges, cofferdams, and other "pole" supported structures, and patterns of pilings as part of permanent deep foundations for buildings or other structures. Pili ...

s. * Sany Heavy Machinery (Kunshan) Co., Ltd., in the city of

Kunshan Kunshan is a county-level city in southeastern Jiangsu Province, 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 Th ...

is the unit in charge of

excavator Excavators are heavy equipment (construction), heavy construction equipment primarily consisting of a backhoe, boom, dipper (or stick), Bucket (machine part), bucket, and cab on a rotating platform known as the "house". The modern excavator's ...

s. * Sany Heavy Equipment Co., Ltd., located in

Shenyang Shenyang,; ; Mandarin pronunciation: ; formerly known as Fengtian formerly known by its Manchu language, Manchu name Mukden, is a sub-provincial city in China and the list of capitals in China#Province capitals, provincial capital of Liaonin ...

, and producing coal mining machinery. * Sany Science and Technology Co., Ltd., based in

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

, and producing crawler cranes.

NASCAR sponsorship

Sany sponsored the Tommy Baldwin Racing #7 driven by

Dave Blaney David Louis Blaney (born October 24, 1962) is an American semi-retired professional stock car racing driver. Blaney was a successful Sprint car racing, sprint car driver before he started racing in NASCAR, competing in both the Sprint Cup Series ...

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. It is considered to be one of the top ranked motorsports organizations in ...

Sprint Cup Series in 14 races in 2013, while also serving as associate sponsor for 22 races.

References

External links

SANY Global Official Website

SANY India Official Website

Bloomberg's Stock Quote & Analysis: Sany Heavy Industry Co., Ltd.
{{Authority control Engineering companies of China Wind power in China Construction equipment manufacturers of 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 Companies in the CSI 100 Index 1989 in Changsha