Sany climbs to 5th spot in construction equipment race

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Adding new dimension to construction
infrastructure Industry
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Sany climbs to 5th spot in construction equipment
race
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SANY Heavy Industry Co. Ltd, the parent of SANY
India, moved up one slot to become the No. 5
construction equipment manufacturer in the world,
according to the 2013 Yellow Table survey
published by International Construction magazine.
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The 2013 Yellow Table survey, due to be published
in the April edition of International
Construction, estimated SANYs 2012 construction
equipment sales revenue at 7.929 billion USD, up
slightly from 7.861 billion in 2011. SANYs move
to the No. 5 rank supplanted Liebherr, which fell
to No. 7. Caterpillar and Komatsu remained No. 1
and No. 2, while Hitachi overtook Volvo for the
No. 3 spot. SANYs percentage of total revenue
among the Top 50 was unchanged at 4.3 percent.
The survey ranks the Top 50 construction
equipment manufacturers in the world.
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To achieve the No. 5 global ranking in a very
difficult Chinese economy is a testament to the
strength of SANY in China, and our continued
success in markets outside of China, said Tim
Frank, chairman of SANY America Inc. With
progress on almost all fronts globally, SANY
continues to show its staying power. We are a
company built on a strong foundation, poised for
continued growth, with aggressive targets. Now
that we have surpassed Liebherr, Volvo is
next. Total revenue from the Top 50
manufacturers was 186 billion, up 2.6 percent
from 2011. Chris Sleight, editor of International
Construction, attributed the lack of robust
growth to weakness in the Chinese economy. While
there was some growth in the market last year,
things were relatively subdued, Sleight said in
a video preview of the 2013 Yellow Table. The
key factor that depressed growth last year was
the weak market in China.
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Six Chinese manufacturers in the Top 50 slipped
in the rankings, Sleight said, and one other
company fell out of the Top 50 entirely. Overall,
Chinese manufacturers had revenues of 27.9
billion in 2012, down about 12 percent from 2011.
That was the first time in the 10-year history
of the Yellow Table that both revenues and the
Chinese manufacturers shares have fallen,
Sleight said. The top 10 manufacturers accounted
for two-thirds of the Top 50 revenue, a fact
Sleight said illustrates how important these
large, long-line manufacturers are.
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