SANY opens the new research center and the assembly plant in Germany

Tuesday April 3rd, 2018

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On January 29, 2009 the bilateral contract regarding investments of the SANY company into Germany was signed. On the occasion of signing of the contract were present at a ceremony the PRC State Council Premier Wen Jiabao, within the visit to Berlin, and the German chancellor Angela Merkel.

According to the agreement, the SANY company invests 100 million euros in Colon, Northern Rhine-Westphalia, for construction of the design and research center and production base.

It is planned to invest 100 million euros with an annual productivity of 3000 units, by estimation annual sales volume is expected at the level of 350 million euros, profit on investments will make 27,75%, the term of return of investments 6,93 years. Because the main spare parts on production of the company are bought in Europe, the joint venture will allow to reduce as well expenses on transportation, having at the same time opened direct entry into the European market. The international strategy of the company, thus, will increase own competitiveness and will increase a share in the European market.

Also it should be noted that for improvement of economic cooperation between the People’s Republic of China and Germany, within this visit a premiere of the State Council Wen Jiabao to Berlin, 6 investment projects among which only one included investment into Germany were concluded, other five were aimed at the development of China.