PR Newswire
27 Jul 2022, 13:19 GMT+10
BEIJING, July 27, 2022 /PRNewswire/ -- In 2021, aiming to tap into a wider market of 7.5 billion in population, Chinese construction machinery giant SANY launched 128 new products for international markets, representing 83% year-on-year growth. In the near future, SANY's internationalization efforts will revolve around the development of large equipment, Euro-American markets and the compilation of product literature, all of which are important elements to propel SANY's internationalization progress forward.
So far, SANY's product portfolio coverage in high-end markets in Europe and America has reached 64%. SANY's all-star team is shining in global markets, starring: the 45 m pump truck which fills a gap in the European market; the excavator SY225C-10HD which generated many orders at bauma India; the drilling rig SR235MV which is a strong newcomer in the North American market; and the wheeled crane SAC600E, a bestselling high-tech model in Europe, America, Korea and Australia.
Apart from new products, SANY lodged 179 PCT international patent applications in 2021.
SANY ensures all available resources around the globe, including talent, technologies, R&D, manufacturing facilities and management, are mobilized to enrich product diversity and enhance their competitiveness. Launched in 2021, the Global Coordinated Design Platform realized the joint development of the first-generation PS/SP dual-branded 45 m pump truck by SANY and Putzmeister.
SANY's R&D incorporates rich global intellectual resources, with Kunshan Global R&D Center being a good example and all machinery divisions having their own research institutes. R&D centers have been established in North America, Europe, Japan and India, where nearly 200 top local experts are working in the field of local law, customer research and the localization of spare parts, allowing SANY to serve local markets better.
In China, the number of SANY's R&D staff specialized in international products reached 864 in 2021, a year-on-year growth of 89%. Among them, 150 are regularly dispatched to the frontlines around the world to gain real-time insights of market trends.
Manufacturing-wise, SANY is planning to build more lighthouse factories in Europe and Southeast Aisa.
All of SANY's R&D and cultivation efforts led to a remarkable global performance in 2021, with a sales growth of 50% year on year and doubled sales in over 50 countries and regions. While SANY excavators and concrete machinery remain global bestsellers, concrete machinery, cranes and drilling machinery enjoyed a sales growth of 24%, 137% and 121% respectively.
Di Wu,
[email protected]
SOURCE SANY Group
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More InformationNEW YORK CITY, New York: A former New York City Fire Department chief has been sentenced to nearly two years in federal prison for...
EAST PALESTINE, Ohio: Norfolk Southern wants two other companies to help pay for the $600 million settlement it agreed to after a major...
BISHOP, California: A fast-growing wildfire in California's Eastern Sierra region has burned 1,000 acres and forced people to leave...
WASHINGTON, D.C.: A U.S. passenger plane getting ready to take off and a military jet coming in were told to change course to avoid...
WASHINGTON, D.C.: Radio Free Asia, a key voice in press freedom across the continent for nearly three decades, is now warning it may...
BROOKLYN PARK, Minnesota: At least one person died when a small plane crashed into a house in a Minneapolis suburb on Saturday, a city...
LONDON, U.K.: Virgin Atlantic is seeing signs of cooling demand from U.S. travelers heading to the UK, a shift that comes after a strong...
NEW YORK, New York - The rout in U.,S. and global stock markets continued and even heightened on Friday, as investors around the world...
WASHINGTON/LOS ANGELES: The U.S. government is intensifying scrutiny of corporate diversity policies, with Disney and ABC now under...
HARRISBURG, Pennsylvania: New, cheaper nuclear power is on the way, and U.S. states are competing to build and supply the next generation...
TAIPEI, Taiwan: Taiwan's leadership was on high alert ahead of the U.S. tariff announcement, with President Lai Ching-te convening...
WASHINGTON, D.C.: Gold surged past US$3,100 an ounce on March 31, extending a record-breaking rally fueled by global uncertainty and...