ConstructionChina's Sany Heavy bets on overseas demand to fuel growth
Machinery maker targets foreign markets as domestic revenue still recovering
Sany excavators at a Shanghai factory in 2020. The company's renewed overseas focus will pit it against rivals such as U.S.-based Caterpillar and Japan's Komatsu. © AP
CK TAN, Nikkei staff writer
SHANGHAI -- Emboldened by record revenue from abroad last year, China's largest maker of construction machinery by market capitalization plans to intensify its focus on foreign markets in a move that sets it up for a clash with rivals including America's Caterpillar and Komatsu of Japan.