Forbes magazine has ranked Sany No. 85 on its 2012 list of the world’s most innovative companies, the second consecutive year Forbes has made the prestigious ranking.
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, and was one of five construction equipment manufacturers to make the list.
Forbes uses its “innovation premium” to calculate the rankings, based on each company’s projected income and market capitalization. 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.
“This is the result of years of investment and hard work,” said Tim Frank, chairman of Sany America. “We have made research and development the focus and center point of our growth strategy. It is reflected in our equipment lineup and our financial results.”