In August 2002, two Sany PQ190 graders were shipped to Morocco, marking the beginning of Sany’s overseas journey.
- From $0 to $150 million
In 2003, Sany expanded its export business to numerous countries in Eastern Europe, Africa, Southeast Asia, South Asia, and the Middle East.
In 2004, Sany further expanded into markets such as Russia, South Korea, Central Asia, and South America. That same year, 21 units of Sany’s top-level concrete pumps successfully arrived in Dubai, UAE, to participate in the construction of the world’s tallest building, the “Burj Khalifa,” gaining fame as the “King of Concrete Pumps.”
In 2005, Sany’s annual report for overseas operations revealed sales exceeding $25 million.
In 2006, Sany invested $60 million to establish a research and manufacturing base in Pune, India, marking its first overseas investment.
In the fall of 2007, Sany acquired 1,600 acres of land in Georgia, USA, investing $60 million to establish a research and manufacturing center, becoming the first Chinese machinery manufacturing company to invest in building a factory in the USA. That same summer, 40 Sany excavators were exported in bulk to Europe, marking the first large-scale export of Sany and domestic excavators.
In 2008, Sany focused on developing its overseas service system, sending over 200 service engineers globally, establishing 40 warehouses, planning a global parts logistics system, and setting the standard for “24-hour delivery” of Sany customer parts worldwide.
In January 2009, Sany invested €100 million to build a factory in Cologne, Germany. That year, Sany’s overseas sales surpassed $15 million for the first time.
- From $150 million to $1500 million
In 2010, Sany’s SCC4000 crawler crane, as the only Asian equipment on site, participated in the internationally acclaimed rescue operation of the Chilean mining accident. This event not only promoted the Sany brand but also raised the profile of Chinese manufacturing.
In 2011, Sany donated a million-dollar 62-meter concrete pump truck for the Fukushima rescue efforts, playing a crucial role and earning widespread global acclaim. These two high-profile international rescue events boosted Sany’s overseas image and business.
That year, Sany Group’s overseas sales exceeded $700 million.
In 2012, Sany Heavy Industry acquired Putzmeister of Germany for €324 million, combining to capture nearly half of the global market share, creating a new global giant in concrete machinery and fundamentally changing the landscape of the world’s construction machinery industry. That same year, Sany’s overseas sales surpassed $1500 million for the first time.
- From $1500 million to…
In 2013, China proposed the “Belt and Road” initiative, prompting Sany Group to establish a “Belt and Road” project department led by Chairman Liang Wengen, steering the company into the fast lane of international development.
In 2014, Sany Heavy Industry signed investment projects in Brazil. Since then, Sany’s four major overseas research and manufacturing bases have been established, completing the global layout along the “Silk Road Economic Belt” and the “21st Century Maritime Silk Road.”
In 2015, Sany further divided its six major overseas regions into ten, adding the Asia-Pacific, Indonesia, Southeast Asia, and West Africa regions to focus on key areas.
From 2016 to 2019, Sany achieved a compound annual growth rate of 20% overseas, with annual profit growth exceeding 30%.
In 2020, Sany sold 98,705 excavators globally, capturing a 15% market share and becoming the global sales leader.
In 2021, overseas sales exceeded $3 billion, a 65% year-on-year increase, doubling in over 50 countries and regions.
In 2022, Sany’s “Lighthouse Factory” in Indonesia was completed and put into operation.
In 2023, international sales revenue exceeded $6 billion, an 18% year-on-year increase.
In the first eight months of 2024, overseas sales grew by 5%, with overseas revenue accounting for over 60%.
From exporting products to exporting capital, and then setting standards globally, Sany’s journey of internationalization continues to progress smoothly and further. Following Sany are not just the Sany brand but also the brand of Chinese manufacturing!
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