PALFINGER AG signed two Joint Ventures with Sany Heavy Industry

We advised PALFINGER

HSCie Customer

PALFINGER AG, Salzburg, Austria
Since many years PALFINGER has been one of the world’s leading manufacturers of hydraulic lifting, loading, and handling systems and generated total sales of approximately EUR 846 million in 2011.The concern possesses production- and assembly bases in Europe, North- and South of America as well as in Asia. Innovations, ongoing Internationalisation and Diversification of products and services build the pillars of the company strategy.
www.palfinger.com

Joint Ventures

Sany Palfinger SPV Equipment Ltd. in Changsha will develop and produce truck-mounted knuckle boom cranes and telescopic cranes on the basis of the technologies of PALFINGER and Sany for the Chinese market.

Palfinger Sany International Mobile Cranes Sales GmbH is being established as an interna-tional sales and service company, having its registered seat in Salzburg and exclusively dis-tributing Sany’s mobile cranes in Europe and CIS.

Joint Ventures Partner

Sany Heavy Industry Co., Ltd, Changsha, P.R.C.
Sany Heavy Industry Co., Ltd is the largest heavy equipment manufacturer in China and the seventh-largest in the world. Sany is a world-class brand in concrete machinery and the leading brand in China in excavators, crawler cranes and pile driving machinery. Other important products include hoisting machinery and road construction machinery. Founded in 1994, Sany Heavy Industry mainly engages in R&D, manufacturing and sales of construction machinery. The company went public on 3 July 2003, and with a market capitalization of more than USD 20 billion, has become the first industrial enterprise in China to be counted among the FT Global 500.
www.sanygroup.com