SANY's international business picking up speed
PR96236
CHANGSHA, China, May 27, 2022 /PRNewswire=KYODO JBN/ --
SANY, the fast-growing Chinese construction equipment manufacturer, was never
hindered by the pandemic in its pace of internationalization. Instead, its
market coverage and product share outside the Chinese market enjoyed a boost,
with the company's increased investment in R&D, sales, service and staffing.
Data shows that the company is on track to become a global giant. In 2021, the
company achieved overseas revenue of $314.5 million USD, a year-on-year
increase of 54%, and a compound growth rate of 30.1% in the past three years.
Take mining equipment and logistics equipment for example.
The overseas sales revenue of mining equipment achieved $133.6 million USD in
2021 (101.1% year-on-year increase) while the figure for logistics equipment
was $180 million USD (a year-on-year increase of 31.2%). Europe, Southeast Asia
and the United States were the fastest growing markets, with growth rates of
95.7%, 48.1% and 42.1%, respectively.
Products
SANY's second-generation 70+ t fuel-powered, electric, wide-body vehicles and
100-300 t electric-wheel mining vehicles have been launched. As for logistics
equipment, a complete product spectrum was formed for the European and American
markets, offering a full range of electric reach stackers, stackers and
automated and large-scale remote-controlled quay crane products.
Channels
While SANY mining equipment focuses on six main regions including India,
Central Asia and Africa, logistics equipment focuses on Europe, America and
Asia-Pacific markets. Across the globe, robust dealer systems have been
established which have been generating stable sales volumes.
Service
Knowing that after-sales service is key to the customer experience, SANY is
continually optimizing its international service strategy to adapt to the
international market environment. Localization and on-line transformation for
spare parts distribution and service provision continue to be a work in
progress.
2022: Great acceleration
The first quarter of 2022 witnessed even greater growth of 161% year on year, a
result attributable mainly to the company's steady improvements in the areas of
management, digitization, electrification and internationalization. Almost all
product lines are now growing at an unprecedented growth rate in international
sales, with mining machinery at 255% and logistic equipment at 98.8%. New
sectors the company has recently entered also look promising, with a 105%
year-on-year growth being recorded in the sales of robotic products such as
intelligent logistics AGV, high-voltage lithium forklifts and three-dimensional
smart warehouses, among others.
Source: SANY Group
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Caption: SANY's international business
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