PR Newswire
27 Jul 2022, 17:49 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,
wud43@sanyglobal.com
SOURCE SANY Group
Get a daily dose of Asia Pacific 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 Asia Pacific Star.
More InformationDHAKA, Bangladesh - According to new research that ranks political violence worldwide, Bangladesh ranks 22nd out of the world's 50 ...
RAWALPINDI, Pakistan - Army Chief General Asim Munir met with members of Pakistan's Christian community on Monday, emphasizing the importance ...
DHAKA, Bangladesh - The BNP has given the government an ultimatum to release BNP Chairperson Khaleda Zia, who is being ...
ISLAMABAD, Pakistan - Caretaker Foreign Minister Jalil Abbas Jilani stated on Saturday that Pakistan's decision to establish relations with Israel ...
MANDALAY, Myanmar - According to local sources, Junta soldiers kidnapped over 60 civilians from a village in Mandalay Region's Myingyan ...
KATHMANDU, Nepal - Meteorologists announced that Nepal experienced below-average rainfall during the current monsoon, which is expected to last about ...
WASHINGTON D.C.: After consumer complaints of oil pump failures, the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation ...
NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...
WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...
CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...
WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...
BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors ...