Sany Plans to Invest $70 Million to Build a Factory in India

< P > < FONT face = Verdana > According to Indian media reports, Sany Heavy Industry Group, the major shareholder of Sany Heavy Industry, has spent $70 million to build a factory in Chakan, near Pune, India, and is now looking for more locations in India.

< P > < FONT face = Verdana > According to the report, the above investment was completed by Sany Heavy Industry India Private Limited, a subsidiary of Sany Group. It is said that India will become the base of Sany Group's overseas export plan in the next five years.

< P > < FONT face = Verdana > By the evening of the 13th, Sany Heavy Industry had not issued any announcement related to the above report.

< P > < FONT face = Verdana > On the eve of the "two sessions" this year, Sany Heavy Industry has just signed a memorandum of investment intention with Sao Paulo, Brazil's largest city, to invest US $200 million in the first phase to build a construction machinery manufacturing base in Sao Paulo.

< P > < FONT face = Verdana > Earlier, Sany Heavy Industry has built production and R & D bases in the United States, India and Germany respectively.

< P > < FONT face = Verdana > According to available information, Xiang Wenbo, president of Sany Heavy Industry, said in an interview with the media earlier this year that the overseas market will continue to operate at a low level this year, and it is still a good time from the perspective of acquisition cost. Xiang Wenbo also said that the current overseas investment is to prepare for the next round of economic growth.

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