China News Network: Sany Heavy Industry USA built a research and development building

Source: China News Network

China News Service Changsha, October 20 (Reporter Liu Shuangshuang) Liang Wengen, chairman of Sany Heavy Industry, said on the 20th that it will invest an additional $25 million in the construction of a research and development building in Georgia, USA, and plans to start construction next year.

On the same day, the Governor of Georgia, Nathan Deere, and his delegation visited Sany Changsha headquarters. As a special "gift" to the governor, Liang Wengen announced the early start of the construction of the R&D building to accelerate the pace of investment in the U.S. market.

In 2007, Sany signed an investment memorandum and decided to invest 60 million US dollars in the construction machinery R&D and manufacturing base in Peachtree City, Georgia, to produce and sell Sany products, and radiate the Canadian and Mexican markets through the base. Despite the global financial crisis, Sany still completed the first phase of fixed asset investment of more than 40 million US dollars in the local area as planned, employing more than 100 American employees, most of whom are the industry's top R&D personnel.

As an important part of Sany's overseas market, in the past two years, Sany America has invested a total of 12.58 million US dollars in research and development to develop off-road products that are widely welcomed in the North American marketcrane, crawler cranes and other new products, increase the competitiveness of "Made in China" to compete overseas.

Liang Wengen said frankly that the main difficulty for Chinese companies to invest in the United States is the lack of understanding between the two sides, and a lot of efforts need to be made to increase mutual understanding. The first is that the North American market needs a process to understand Chinese products, although it is undeniable that there are gaps between Chinese products and American products in some aspects, but on the other hand, the American market is biased against Chinese products.

"Use Chinese products to change the world's prejudice against Made in China." Liang Wengen said that this is the goal of his own company, and it is also an important purpose of setting up factories overseas.

Today, Sany Heavy Industry has successively built R&D and manufacturing centers in India, the United States, Germany and Brazil, and the fifth overseas industrial park has also signed a contract in Indonesia this year. According to the plan, Sany's sales in 2015 will strive to reach 50 billion US dollars, of which the overseas market share is expected to account for 25% to 35%. (ENDS)