(Answered) : Sany Heavy Industry Co Ltd Sany Heavy Industry Co Ltd China S Largest Producer Heavy Equip Q31679436

Sany Heavy Industry Co., Ltd

The Sany Heavy Industry Co., Ltd is China’s largest producer ofheavy equipment. In fact, it is the fifth largest producer of thistype of equipment globally. In 2014, its revenue was decreasingbecause of the downturn of overall GNP in China. Sany’s total salesrevenue in 2012 was $12.9 billion, well behind industry leaderCaterpillar at $65.9 billion. However, Sany has a goal ofeventually unseating Caterpillar as the industry leader. Sany plansto achieve $47 billion in annual sales within 10 years. Sany hasalready surpassed Caterpillar as leader in it Chinese domesticmarkets.

           Sany has four core businesses: (1) cranes, (2) road constructionmachinery,