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In face of woes, ChinaDailyUSA says Sany is “gaining traction” in U.S.
Posted By Marcia Gruver Doyle On December 27, 2013 @ 12:02 am In Construction News | No Comments
In a report released today , the ChinaDailyUSA website says that 2013 was “a year worth celebrating” for Sany America, a division of Chinese equipment manufacturer Sany.
According to the report, the U.S. subsidiary has doubled sales from last year, and now covers 65 percent of the United States, Canada and Mexico with its dealer network. There are now 32 Sany U.S. dealers.
Rhoda says in the report that one of his goals is to “establish a high level of satisfaction with the Sany brand” among existing and future dealers.
The ChinaDaily report paints a much different picture for Sany’s fortunes here in the U.S. than did a November report from Forbes . According to that report, the company’s expansion into the U.S. and other foreign markets has been a failure with net profits down by 40 percent since 2011 with sales expected to drop to $6.7 billion this year.
In addition, back in June Sany was sued by Manitowoc for infringement of two patents  of crane counterweight systems. Since then the U.S. government has launched its own investigation  into the matter.
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URL to article: http://www.equipmentworld.com/in-face-of-woes-chinadailyusa-says-sany-is-gaining-traction-in-u-s/
URLs in this post:
 Image: http://www.equipmentworld.com/files/2012/12/SANY-8500_FINAL_2a.jpg
 report released today: http://usa.chinadaily.com.cn/epaper/2013-12/27/content_17200641.htm
 Mike Rhoda: http://www.equipmentworld.com/sany-america-names-mike-rhoda-its-new-ceo/
 Tim Frank: http://www.equipmentworld.com/tim-frank-announces-resignation-from-ceo-post-at-sany-america/
 than did a November report from Forbes: http://www.equipmentworld.com/forbes-sany-fellow-chinese-equipment-makers-move-into-foreign-markets-isnt-working/
 sued by Manitowoc for infringement of two patents: http://www.equipmentworld.com/manitowoc-lawsuit-against-sany-based-on-counterweight-patents-to-be-used-in-two-future-cranes/
 he U.S. government has launched its own investigation: http://www.equipmentworld.com/u-s-government-launches-investigation-into-manitowocs-patent-claims-against-sany/
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