Sales up for Sany as it focuses on globalisation

Sany 55t excataor with power charging cable reer attached to the counterweight. (Photo: Construction Briefing)

The OEM also revealed that international revenue accounts for 64% of its core business revenue, meaning that approximately US$6.78 billion of sales was done internationally by the business. International sales increased by 12% compared to 2023.

The growth of international markets was primarily driven by the Asia and Australia regions, whose reported revenue was $2.88 billion, a 15.47% year-on-year increase. The African market saw revenue jump by 44% to $0.75 billion.

The Europe and America regions also showed stable growth of 1.86% and 6.64%, contributing $1.72 billion and $1.44 billion respectively.

In a press release Sany said that it was “prioritizing globalization efforts” by establishing local production bases, R&D centers, marketing and service networks, and localised teams.

The earthmoving machinery, concrete machinery, and hoisting machinery contributed 76% of the full-year revenue, reporting $4.25 billion, $2.01 billion, and $1.83 billion accordingly. The road machinery performed strongly, posting a 20.8% year-on-year growth.

The OEM added that in 2024, the company applied 275 low-carbon patents and that its low-carbon products generated $0.56 billion in revenue. Last year Sany launched over 40 electric products, with the sales exceeding 6,200 units.

“I’m proud of our achievements in the challenging yet opportunity-filled 2024,” said Xiang Wenbo, Chairman of Sany Heavy Industry.

“In 2025 we will deepen technological innovation, strengthen risk management, and enhance governance efficiency, contributing our corporate strength to global sustainable development.”