15.08.2012

Sany looks to Thailand

Sany, China’s largest crane manufacturer is considering investing up to $40 million in a production facility in Thailand.

Any new facility would probably build excavators to start with, but would also be capable of building some of the company’s more popular crawler crane models.

Sany entered the Thai market around six years ago and so far this year it has sold 70 cranes, 60 excavators and 55 concrete pumps with a total net value of around $20 million. It expects to do equally well in the second half.

China still represents 80 percent of the company’s business with the rest of the Asia-Pacific region making up a further 10 percent. Sany is now focusing on 10 major markets in the region: Thailand, Singapore, Malaysia, Indonesia, the Philippines, Myanmar, Laos, Hong Kong, Taiwan and Australia.

Paul Da, regional manager of Sany Heavy Industry (Thailand) said: “We looked for a site to build an assembly plant for excavators in Thailand last year, but decided to invest in Indonesia instead because of the flooding. However, we are still interested in Thailand if sales are big enough, say 400-500 units a year.”