ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Sany CEO sees turnaround in heavy machinery market

BANGKOK -- Business has been improving since August at Sany Heavy Industry. So excuse the sigh of relief. The Chinese maker of construction machinery, not to mention the rest of the industry, had been suffering from a serious overcapacity problem as China's economy stopped growing at a red-hot pace.

"We have begun to see some signs of recovery in the industry," Sany President Xiang Wenbo said last week, noting a five-year-long supply glut. "The sale of excavators showed steep year-over-year growth of 48% in August and year-over-year growth of over 100% in September."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more