Wang Qinmin, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, inspected Sany Europe and praised Sany as China's pride

On the morning of June 4, Wang Qinmin, vice chairman of the National Committee of the Chinese People's Political Consultative Conference and chairman of the All-China Federation of Industry and Commerce, led a delegation to visit Sany European Industrial Park to investigate the current situation of overseas development of enterprises. Wang Qinmin highly affirmed Sany's overseas investment and M&A performance, and praised Sany as the pride of China's construction machinery manufacturing industry.

Shi Guilu, Vice Chairman of the All-China Federation of Industry and Commerce, Nan Cunhui, Chairman of the Zhejiang Federation of Industry and Commerce, Feng Haiyang, Consul General of the Consulate General of the People's Republic of China in Düsseldorf, and Wang Weidong, Commercial Counsellor of the Chinese Embassy in Germany, accompanied the visit. The delegation was warmly welcomed by Liang Wengen, chairman of Sany Heavy Industry, and Deng Haijun, general manager of Sany Europe.

On the same day, Wang Qinmin visited Sany European manufacturing plant, learned more about Sany's local operation in Germany, and had in-depth discussions and exchanges with Sany senior management on topics such as overseas investment, mergers and acquisitions, informatization, and intelligent manufacturing. Liang Wengen introduced the development history of Sany to the delegation, overseas investment and the experience of the merger and acquisition of Putzmeister, and said that internationalization is Sany's third venture.

According to reports, in January 2009, Sany Heavy Industry invested 100 million euros to build a construction machinery R&D and manufacturing base in Bedburg, North Rhine-Westphalia, Germany. Premier Wen Jiabao and German Chancellor Angela Merkel witnessed the signing ceremony of this project. This was a greenfield investment by China in Europe at that time, and it was also a signed project witnessed by the leaders of the two governments, which was of great significance. In 2011, Sany European Industrial Park was officially put into operation. In 2012, Sany Heavy Industry successfully acquired the German Putzmeister company, consolidating Sany's position as the best player in the global concrete equipment market.

Up to now, Sany has built four R&D and manufacturing bases overseas in the United States, India, Germany and Brazil, and its business has covered more than 120 countries and regions.

Wang Qinmin spoke highly of Sany's overseas development, praising Sany for being one of the first private enterprises to implement the "going out" strategy, and accumulating valuable successful experience in greenfield investment and overseas mergers and acquisitions. Wang Qinmin stressed that when the Internet industry is booming today, the state still promotes the steady development of the real economy and encourages more private enterprises to persist in industry and make positive contributions to social development.