SANY Group

SANY Group began in 1989 as a small welding material factory. Its founders are Liang Wengen, Tang Xiuguo, Mao Zhongwu and Yuan Jinhua. Now it has grown into a global corporation with five industrial parks in China and four R&D and manufacturing bases in America, Germany, India and Brazil. On July 1, the British newspaper Financial Times released the 2011 list of the world's 500 most valuable companies (FT Global 500) ranked by market capitalization. SANY Heavy Industry (Code: 600031) was put on the list of FT Global 500, with a market cap of $21.584 billion. SANY became the unique company listed among the world's top 500 companies in China's construction machinery industry.