Sany Eyes Plants in 10 Countries as China Digger Sales Slow
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Sany Heavy Industry Co., the construction-equipment maker run by China’s richest man, plans to build factories in more than 10 foreign countries as domestic demand growth slows.
The company intends to add facilities in emerging markets and resource-rich nations as it works to boost the proportion of sales generated overseas to 40 percent from about 10 percent within five years, Nobuhiko Oku, deputy general manager at Sany’s international sales arm, said yesterday in an interview in Tokyo. The company has completed plants this year in the U.S., Brazil, India and Germany, he said.