It expects that Sany and a handful of other larger Chinese brands will lead a consolidation of the local industry, in which 60 firms will become perhaps six.CLSA's test makes an interesting contrast with a similar exercise in February, in which Sanford C. Bernstein, a research firm, stripped down two leading models of Chinese-branded car, to examine their build quality.
Sany Heavy bought two German firms, Putzmeister and Intermix, and entered a joint venture with Palfinger of Austria.
Leading Chinese brands like Sany, Zoomlion and LiuGong, whose products also have the advantage of being cheap, will soon be invading building sites across the globe.Things have changed drastically since the global financial crisis five years ago.
In a dusty bit of Maharashtra state sits one of the first Chinese factories in India, run by Sany, which makes diggers and other construction machines.
Another is that China's open industries have fostered a new generation of fabulously rich entrepreneurs, including Jack Ma of Alibaba, an e-commerce firm, and Liang Wengen of Sany, which makes diggers and cranes.One of the most improved countries is India, which moved from sixth place in our ranking to ninth.
Other members include Huawei, a telecoms-equipment firm, Sany, which makes diggers, and Lenovo, a computer firm.
Also in January, the privately held Sany Heavy Industry, a Chinese machinery manufacturer, together with the Chinese private equity firm Citic, bought the German pump maker Putzmeister Holding, in a deal worth €360 million, or almost $480 million, according to Xinhua, the state-run news agency.
According to the Chinese media, the parts were manufactured by the Shanghai Sany Group.
Ralls had been installing wind turbines made by another privately held Chinese firm, the Sany Group, at a site close to restricted air space used by a Navy weapons systems training facility in northern Oregon.
Cranes still tower over construction sites, but no one is working in them, says Yu Wankun, the sales manager for SANY Excavators in Jiangsu, the neighbouring province to Zhejiang.
Fifty-six-year-old delegate Liang Wengen, billionaire chairman of the construction equipment maker Sany Group, divulged one little-known benefit of joining the Communist party as a young man.
