SANY Group has started operations at its first global engineering machinery remanufacturing base, the SANY Hunan–Hainan Intelligent Manufacturing Industrial Park, located in Dongfang City, Hainan Province. The facility became operational on December 23 and marks an important step in the company’s international expansion and sustainability plans. On the opening day, SANY reported orders worth approximately CNY 100 million from customers in Southeast Asia and Africa.
The industrial park is the first of its kind in China to be jointly developed by a pilot free trade zone and a pilot free trade port. It supports coordinated industrial development between Hunan and Hainan by combining manufacturing capabilities with policy incentives, with the aim of supporting Chinese enterprises seeking to expand overseas.
Construction of the park began in August 2023. The facility spans around 150 mu, or roughly 10 hectares, and represents a total investment of about CNY 600 million. Once fully operational, it is expected to generate an annual output value of approximately CNY 750 million.
The facility is positioned as a regional hub for remanufacturing and resource distribution, serving both domestic and international markets. Its core activities include maintenance and remanufacturing of key engineering machinery components and used equipment sourced from China and overseas. Through these operations, the park is intended to support more efficient use of industrial resources and promote circular manufacturing practices.
Under the Hainan free trade zone framework, qualifying value-added processing activities at the park are eligible for tariff benefits. Remanufacturing operations can be carried out under bonded supervision and may qualify for certain corporate and individual income tax incentives. The project also benefits from Hainan’s “Dual 15%” tax policy and has received approval for outsourced processes to be taxed at a reduced corporate income tax rate.
Commenting on the development, SANY Chairman Tang Xiuguo said the project supports the company’s efforts to advance international operations, digital manufacturing, and low-carbon practices. He added that SANY will continue to explore new approaches to remanufacturing and resource reuse as part of the industry’s broader shift toward lower-emission operations.
As one of the leading companies in the global construction machinery sector, SANY ranks as China’s largest and the world’s third-largest manufacturer of core construction equipment, according to Frost & Sullivan. The company has experienced impressive overseas growth, with international revenue increasing at a compound annual growth rate of 15.2% from 2020 to 2024, solidifying its position as one of the most globally integrated players in the industry.
A key driver of SANY’s success has been its Digitalization strategy, positioning the company at the forefront of intelligent manufacturing. SANY is the only company in its field with two Lighthouse Factories recognized by the World Economic Forum (WEF).
The company is also advancing its low-carbon transformation, launching over 40 new energy products in 2024 alone, generating revenue exceeding USD 567 million. With its listing in Hong Kong, SANY Heavy Industry embarks on a new chapter, leveraging Hong Kong’s status as a global financial hub to expand its reach and strengthen connections with international capital markets, all while continuing its commitment to innovation and sustainable growth.
