Sany Heavy Industry, one of China’s largest construction equipment manufacturers, has started to build a new factory in Georgia, US. The company plans to invest US$ 60 million in the facility, the first construction equipment factory in the US under Chinese ownership.
Sany has a range of more than 120 products, including concrete pumps, compaction equipment, crawler cranes, drills and earthmoving equipment. It is not yet clear which of these will be produced at the US factory, but concrete pumps are likely to be high on the list. Sany is China’s market leader in concrete pump manufacture, with the capacity to produce 1000 truck-mounted boom pumps per year at its factory in China.
The company aims to reach a production capacity of US$ 500 million at the US factory within five years. This is in line with Sany’s wider ambitions to be a major player in the industry. “We want to reach revenues of US$ 4 billion in the next five years and we want to be one of the 500 largest companies in the world,” said Mr Zhou, Sany executive vice president.
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