Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, May 26 2021 - 13:26
AsiaNet
SANY named by Forbes as China's largest heavy equipment company in 2021 and 2nd in the World
CHANGSHA, China, May 26, 2021 /PRNewswire-AsiaNet/ --

The 19th Annual Forbes Global 2000 list( 
https://www.forbes.com/lists/global2000/#67f6b50d5ac0 ) ranks the world's 
largest public companies by metrics including market value, sales, profits and 
assets. SANY, at 468th, ranks the first among heavy equipment manufacturers in 
China and the second in the world, after only  Caterpillar.

This year, SANY surged 235 places to enter the Forbes TOP500 Club for the first 
time with yearly sales volume of USD 14.4 bn, revenue of USD 2.2 bn, asset 
value of USD 19.3 bn, market value of USD 41.2 bn. 

Despite suffering a 27% reduction in the global market for construction 
machinery when the COVID-19 pandemic began in the first quarter of 2020 - the 
largest hit to the globe in the 21st century so far - the company has 
maintained a steady growth, with a visionary global business layout and a 
well-rounded operation and business management strategy. 

SANY kept a good momentum of growth in the first quarter of 2021, in which 
SANY's quarterly revenue reached USD 5.17 bn, an increase of 90% year-on-year. 
The company's main product lines are continuing to perform well globally, 
cementing SANY's leading position in the industry. 

SOURCE   SANY Group

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