Netease Finance: Sany Heavy Industry: It is expected that the construction machinery industry will meet a full recovery next year

Source: NetEase Finance

Netease Finance October 30 According to foreign reports, the domestic * 5655 construction machinery manufacturer Sany Heavy Industry believes that the recovery of the industry is not far away, and the next few years of construction machinery will usher in a golden period of development, and the recovery of the entire industry will be achieved in the middle of next year.

Xiang Wenbo, president of Sany Heavy Industry, said that after excessive sales caused by fierce competition in the industry last year, the entire industry is still in the process of destocking, but some products with moderate competition, such asRoad machinerySales revenue has now begun to recover, and the industry is expected to fully recover in the second or third quarter of next year.

Xiang Wenbo expects that after negative growth in the entire industry this year, the growth rate of the domestic construction machinery industry will rebound to about 10% next year, and the revenue growth rate of the industry's * show company is generally 2 times that of the industry. It is conservatively expected that Sany Heavy Industry will maintain a revenue growth rate of 20-30% in the next five years.

The authoritative media in the industry "International Construction" previously announced the list of the world's * 565,550 construction machinery manufacturers in 2012, Sany Heavy Industry ranked sixth with 7.861 billion US dollars, and its domestic counterparts Zoomlion and XCMG ranked seventh and 11th respectively. Caterpillar of the United States and Komatsu of Japan are the top two.