Company Overview of Sany Group Co. Ltd.
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 truck-mounted concrete pumps, trailer-mounted concrete pumps, and mobile mortar plants, and PC equipment solutions, 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 driving machinery that include rotary drilling rigs. It also provides road construction machinery, which comprise rollers, graders, pavers, a...
SANY Industrial Park
Economic and Technological Development Zone
Founded in 1989
Key Executives for Sany Group Co. Ltd.
Chief Executive Officer and Director
Founder, Chairman, and Chairman of Sany Heavy Industry
Director and President of Sany Heavy Industry
Asian-Pacific General Manager
Compensation as of Fiscal Year 2015.
Sany Group Co. Ltd. Key Developments
Sany to Invest USD 3 Billion in India's Renewable Energy
Oct 16 15
Sany Group plans to invest USD 3 billion in India's renewable energy sector. The investment will be made from 2016 to 2020 and is expected to newly add 2,000 Mw electric power generation capacity and provide 1,000 jobs for India.
Sany Group to Invest $5 Billion in Indian Clean Energy Market
Oct 16 15
Sany Group is planning to inject close to $5 billion in the Indian renewable energy market. Of the total proposed investment, around $3 billion will be used to install 2,000MW of capacity between 2016 and 2020, creating 1,000 jobs. The remainder $2 billion will be invested in solar power and equipment. Sany will also install off-shore wind power generation technologies.
Sany Heavy Equipment International Holdings Company Ltd. Enters into the Master Purchase Agreement with Sany Group
Dec 31 14
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.
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