First Chinese plant in U.S.

It's not a car plant, but big news none the less.

Sany Heavy Industry Co., a large Chinese construction equipment manufacturer, will build a $30 million manufacturing plant in the U.S. state of Georgia.

Construction begins in early 2008, and will take 18-24 months. The plant will initially employ 200 people, and later on they plan to add 600 more. The installation will serve as headquarters for Sany America Inc.; from there the company will address sales, service, assembly, testing, distribution, and R&D.

Sany is the biggest concrete-pumping equipment maker in China with 8,000 employees, 2006 sales of $594 million, and 50% profit growth each of the last three years. They recently confirmed another $70 million heavy equipment plant in Pune, India.

Sany makes the world's longest reaching concrete pump, a 66 meter truck-mounted contraption, shown here.

Tags: Sany, China, construction equipment

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