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May 03, 2015 6:31 PM ET

Machinery

Company Overview of SANY Group Co.,Ltd.

Company Overview

SANY Group Co.,Ltd. engages in the research, development, manufacture, and distribution of construction machinery for customers in China and internationally. The company offers concrete machinery that include concrete pump trucks, trailer-mounted concrete pumps, and line pumps, as well as, concrete placing booms, batching plants, and mixer trucks; excavators that comprise hydraulic excavators; hoisting machinery, which consist of truck, rough-terrain, all-terrain, crawler, and truck-mounted cranes; and pile and driving machinery that include rotary drilling rigs. It also provides road and construction machinery, which comprise compactors, graders, pavers, and asphalt batching plants; port ma...

SANY Industrial Park

Economic and Technological Development Zone

Changsha,  410100

China

Founded in 1989

Phone:

86 73 1840 31888

Fax:

86 73 1840 31999

Key Executives for SANY Group Co.,Ltd.

President and Director
Age: 52
Founder, Chairman and Chairman of Sany Heavy Industry
Director and President of Sany Heavy Industry
Age: 52
Director and Executive President of Sany Heavy Industry
Asian-Pacific General Manager
Compensation as of Fiscal Year 2014.

SANY Group Co.,Ltd. Key Developments

Sany Heavy Equipment International Holdings Company Ltd. Enters into the Master Purchase Agreement with Sany Group

Sany Heavy Equipment International Holdings Company Ltd. announced that on 31 December 2014, the Company has entered into the Master Purchase Agreement with Sany Group pursuant to which the Group agreed to purchase (1) parts and components and (2) second-hand manufacturing equipment from SG Group. The Master Purchase Agreement has a fixed term of one year commencing from 1 January 2015 to 31 December 2015 (both days inclusive). The basis of determining prices of the parts and components produced by Sany Group and its subsidiaries will be determined on arm's length negotiation and with reference to the manufacturing costs involved in the relevant part and component plus a gross margin ranging from 10% to 20%, which should be in any event no less favorable to the Group than is available to Independent Third Parties. It is proposed that the cap amount under the Master Purchase Agreement for the financial year ending 31 December 2015 will not exceed RMB 159,366,707.

Sany Heavy Machinery China To List On Hong Kong Stock Exchange

SANY Group Co.,Ltd. intends to list Sany Heavy Machinery China on the Hong Kong stock exchange. Sany Heavy Industry Co., Ltd (SHSE:600031) announced on the Shanghai stock exchange website on August 6, 2014, that it plans to list its wholly owned subsidiary Sany Heavy Machinery China in Hong Kong. The statement said, "To develop its excavation machinery business, tap the international market, raise its international competitiveness, boost its innovativeness, Sany Heavy’s 100% owned subsidiary Sany Heavy Machinery China will list on the mainboard of the Hong Kong Stock Exchange."

Sany Heavy Equipment International Holdings Company Ltd. and Other Joint Venture Shareholders Agree to Jointly Establish Kunshan Sany Digital

The Board of Sany Heavy Equipment International Holdings Company Ltd. announced that on March 24, 2014, the company entered into the joint venture Articles with Other joint venture shareholders, pursuant to which the company and Other joint venture shareholders agreed to jointly establish Kunshan Sany Digital. Kunshan Sany Digital will be principally engaged in the development, technology transfer and technical service relating to computer software and hardware, electronic products, electronic control system and automated control equipment; the development, assembly of mechanical equipments and its components; and the sales, consultancy, service and technology transfer of the related products. Joint venture shareholders consist of Sany Group, Sany Automotive, Sany Heavy Machinery, Sany Automotive Hoisting, Hunan Sany Lumian, Sany Haiyang and Sany Heavy Energy Equipment.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 19, 2014
Sany Heavy Industry Co., Ltd
Merger/Acquisition
November 8, 2014
Hunan Sany Kuaierju Residential Industry Co., Ltd.
Merger/Acquisition
November 7, 2014
STE Transmission Equipment Co., Ltd.
 

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