A look at China’s heavy machinery giants: who they are, what they’re building, and what it means for the industry’s longtime incumbents.
Sany excavators at a Sany Heavy Industry training center in Wuhan. Credit: Imaginechina via AP Images
Companies have long paid top dollar to be the first brand that travelers see on arrival at Hong Kong International Airport. But the name they are likely to spot immediately these days isn’t HSBC or some high-end retailer. Thanks to the army of excavators working on the airport’s expansion, it’s Chinese company Sany.
Along with China’s other heavy equipment makers, Sany Group is enjoying a boom in international business. Despite inflationary pressures and high freight costs, global dem
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