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Sany Heavy Industry ranks 85 among Forbes’ Most Innovative Companies
Posted By Equipment World Staff On September 19, 2012 @ 4:49 pm In Construction News | No Comments
Forbes magazine has ranked Sany number 85 on its 2012 list of the world’s 100 most innovative companies. This is the second year in a row Sany has made the list.
Sany Heavy Industry, the publicly traded parent company of Sany America, was one of seven China-based companies to make the Forbes Top 100 list for 2012. Sany was among five construction-equipment manufacturers to make the ranking.
A number of Sany’s accomplishments went into Forbes’ “innovation premium” calculations, which is the system Forbes uses to rank companies on the list.
Sany had a 12-month sales growth of 32.4 percent and five-year annualized total return of 16 percent to garner an innovation premium of 19 percent, according to Forbes.
On average, Sany invests 5-7 percent of annual revenue in research and development activities. Globally, more than 7,000 Sany employees are involved in R&D; half have master’s degrees or doctorates. In addition to its R&D centers of excellence in China, Sany has opened research and development operations in the United States, Brazil, Germany and India. A factory just opened near Shanghai that can produce an excavator every five minutes. Sany Group is also investing $1.6 billion to build the Sany Marine Heavy Industrial Park, a 9,000-acre seaside campus near Zhuhai, China, which will produce port equipment and marine engineering and shipbuilding machinery.
For more information about Sany, visit sanygroup.com .
To view the entire Forbes Most Innovative Companies list, click here .
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