Sany Heavy Industry's international product line has witnessed an explosive growth: 128 new products have been launched

Beijing, July 28, 2022 / PRNewswire / -- To tap into a larger market of 7.5 billion people, Chinese construction machinery giant Sany Heavy Industry launched 128 new products for the international market in 2021, an increase of 83% year-on-year. Recently, Sany Heavy Industry's internationalization efforts will focus on the development of large-scale equipment, the compilation of literature on the European and American markets and products, all of which are important components in promoting Sany Heavy Industry's internationalization process.

As of now, the product portfolio coverage rate of Sany Heavy Industry in the high-end markets of Europe and America has reached 64%. The all-star team of Sany Heavy Industry has shone brightly in the global market. Its main products include: 45-meter pump trucks that fill the gap in the European market; The excavator SY225C-10HD, which won a large number of orders at bauma India; The drilling rig SR235MV, which has risen strongly in the North American market; The high-tech wheeled crane SAC600E, which is a bestseller in Europe, America, South Korea and Australia.

In addition to new products, Sany Heavy Industry also submitted 179 PCT international applications in 2021.

Sany Heavy Industry ensures that all available resources, including talent, technology, R&D, production facilities and management, are mobilized globally to enrich product diversity and enhance competitiveness. The Global Coordinated Design Platform launched in 2021 enabled Sany Heavy Industry and Putzmeister to jointly develop the first generation of PS/SP dual-brand 45-meter pump trucks.

Sany Heavy Industry's R&D has integrated abundant global think tank resources. The Kunshan Global R&D Center is a good example, and each mechanical business division has its own research institution. The company has established R&D centers in North America, Europe, Japan and India. Nearly 200 top local experts are working in the fields of local law, customer research and spare parts localization, which enables Sany Heavy Industry to better serve the local market.

In China, in 2021, the number of personnel at Sany Heavy Industry dedicated to international product research and development reached 864, representing a year-on-year increase of 89%. Among them, 150 people are regularly dispatched to various parts of the world to keep abreast of market trends in real time.

In terms of manufacturing, Sany Heavy Industry plans to establish more lighthouse factories in Europe and Southeast Asia.

Sany Heavy Industry's R&D efforts and in-depth market cultivation have led to remarkable global performance in 2021, with sales increasing by 50% year-on-year and doubling in sales in over 50 countries and regions. Sany excavators and concrete machinery maintained their global sales momentum, with sales of concrete machinery, cranes and drilling machinery increasing by 24%, 137% and 121% respectively.