Sany Heavy Industry to invest Rs 300 cr in Chakan plant

Launching port machinery, dumpers for mining industry to its existing product portfolio

Chinese construction equipment manufacturer Sany Heavy Industry is planning to invest additional Rs 300 in its Chakan plant and introduce port machinery and dumpers for the mining industry to its existing product portfolio this year.

The company has already invested Rs 311 crore in Chakan plant which is operational since April 2012 and assembles trailer mounted concrete pump, truck mounted concrete pump, concrete mixer truck, concrete batching plant and motor grader and cranes from completely knocked down kits.

From last year, it has began crawler crane production from the plant.

Over a year ago, Sany has acquired Germany based Putzmeister which manufactures range of concrete products in Goa is expecting a a turnover of Rs 500 crore.

Commenting on this, Alex Wu, Managing Director, Sany India said, " After China, India is most important market for us. This is our the biggest and first plant outside China. We will invest Rs 300 crore at this facility over the next three years. Sany is expanding its product range by launching port machinery and dumpers for the mining industry next year. Even though, the current market conditions are not in favour, we are planning for future and making these investments in India. Currently, we are neither making profits nor loosing money but very close to break even our investments."

He added, "We have earned revenue of Rs 175 from excavator sales.

The company has also decided to localise the current range of products to the extent of 50 per cent in revenue terms this year."

Sany sources engines from Cummins, USA and Kawasaki for its few construction equipment machines. With increase in localisation, it may source it from Cummins India which has head office in Pune and manufacturing facility in Pune and Phaltan.

Sany has introduced a pan India health check-up campaign for all its excavators and hoisting equipments for the next three months.

A team of 100 engineers to analyse and evaluate 700-odd machines in the Indian market.

T R Badarinarayan, CEO, Sany India said, "This unique health checkup exercise covering across India , will not only act as a proactive service on Sany machines, but will be an opportunity for Sany to impart to its customers the basics of equipment maintenance practices. These will pave way for customer satisfaction through larger equipment availability, hence larger returns on Sany products."