When SANY's Chairman Liang Wengen visited Indonesia last December, he called it a marvelous country and will be the most potential market in South Asian region.
This comment is not in between nowhere. Indonesia, the largest economy in Southeast Asia, enjoys rapid growth, especially in construction machinery nowadays and is also a major market of huge potentials along the "One Belt, One Road" National Strategy. SANY will seize the opportunity to further expand its business in Indonesia and also Southeast Asia.
Indonesian government has been attaching great importance to infrastructure construction. Since 2015, a total of 43 infrastructure projects have been carried out, with the investment of over USD 52 billion. In addition, the energy demand is on the rise and the government plans to build 1 million units of houses.
This has generated enormous opportunities for SANY. As China's largest construction machinery manufacturer, SANY could provide engineering equipment for infrastructure projects, and EPC contracting for port construction and smart port reform. SANY also boasts advanced products of wind power, mine and oil exploitation to satisfy the rising energy demand. Furthermore, the quality, efficient, cost-effective and green precast concrete technology makes SANY a competitive company in housing projects.
"Indonesia is now creating miracles every day and is also the market that SANY shall never miss when developing in Southeast Asia," Chairman Liang Wengen pointed out during his visit.
Actually, SANY's business in Indonesian market dates back to as early as 2004 when SANY started to participate in major projects, such as Morowali Tsingshan Industrial Park, Jakarta port expansion and Java power stations. In 2015, SANY set up its Asia-Pacific logistic center in Batam, Indonesia to cover Malaysia, Singapore, Thailand and other neighboring countries and boost its business in Southeast Asia.