18 January,2017 SANY Group
A corporate delegation led by Malaysian Deputy Prime Minister Ahmad Zahid Hamidi visited SANY Headquarters in Beijing on January 11. During the visit, SANY signed two contracts with Malaysian enterprises to build around 50,000 houses in the local market, with a total investment exceeding 1.5 billion USD (10 billion RMB).
“With the industry-leading prefabrication technologies and new materials, SANY will transform the traditional housing construction industry,” SANY Group President Tang Xiuguo remarked.
SANY Heavy Industry Chairman Liang Wengen spoke on SANY’s expertise in housing construction, renewable energy, equipment manufacturing and financial service in the Malaysian market.
Zahid recognized the efficiency and quality of SANY’s precast concrete houses and hoped that SANY would make more contribution to Malaysian economic development.
SANY entered the Malaysian market in 2007 and has generated over $119 million (800 million yuan) in sales over the 9-year period. The superior performance of SANY machinery in a number of key local projects, including the construction of Malaysia's second-largest airport and its largest port, Port Klang, has allowed SANY to build good brand recognition there. In August this year, SANY for the first time announced to participate in the housing project in Terengganu, Malaysia.