Sany America Registers First Quarter Profit

SANY America registered its first profitable quarter in the first three months of 2013, following a 2012 performance that saw revenue almost double. Continued strong sales of cranes and excavators should bring full-year profitability in 2013.

“We have planned for growth, and those plans are now bearing good fruit,” said Sany America chairman Tim Frank. “We had a very good year in 2012 with machine sales and expansion of our distribution network. We’ve put a strong foundation in place in North America. We’re confident that 2013 will bring full-year profitability and see us potentially double revenue again.”

During 2012, crane sales were up 84%. In just the first two months of 2013, excavator orders eclipsed total 2012 sales by more than 50%. During 2012, Sany America introduced the SCC8500, a 550 US t crawler crane with an automatic counterbalance system, an ultralift option and ease of transport similar to a 440-t crane. New crawler and rough terrain crane models will be introduced in 2013.

In 2012, the Earthmoving Group established an excavator assembly line at the Sany America Peachtree City plant. Despite a partial year of sales activity with a new line of four models of crawler excavators, the Earthmoving Group achieved positive results that have continued in early 2013.

By the end of 2013, the excavator dealer network will have tripled in size. Sales of excavators exceeded expectations in 2012, and the new year has brought even stronger January and February 2013 excavator orders eclipsed 2012 total sales by more than 50%. In recent months, Sany America added excavator dealers in Virginia, North Carolina, and Texas. More dealer agreements are pending.

“Our focus will continue to be on product innovation, expansion of our distribution network and expanding our product lines based on customers’ needs,” he said. “We’ll also continue to examine other avenues for growth, including acquisitions, and joint ventures.”