Chinese construction equipment manufacturer Sany Heavy Industry plans to invest about Rs 300 crore (about U.S. $55 million) in its plant in Chakan, India, according to India’s Business Standard. The company has already invested Rs 311 crore in the plant, which started operating in April 2012 and assembles trailer-mounted concrete pumps, truck-mounted concrete pumps, concrete mixer trucks, concrete batching plants, motor graders and crawler cranes.
Early in 2012, Sany acquired German concrete pump manufacturer Putzmeister.
Sany India’s managing director Amex Wu told the Business Standard that outside of China, India is Sany’s most important market. Sany sources engines from Cummins and Kawasaki for its construction equipment machines.
