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15 July 2015

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Changsha Enterprises Brighten Africa

2018-09-11 Download Print Comment
Recently, the 2018 Beijing Summit of the Forum on China-Africa Cooperation was held. Hunan and Changsha enterprises represented by Sany Group, Zoomlion, and Sunward Intelligent have participated in Africa as part of the in-depth promotion of the “Belt and Road Initiative”. Sany has had overseas sales of more than five billion CNY for five consecutive years since 2013. In the first half of 2018, Sany's overseas sales exceeded 7 billion CNY, an increase of nearly 20% over last year. It is the top Chinese construction machinery exporter to Africa.
On June 27, 2016, Sany signed an "Operation Management Agreement for Ethiopian-Hunanese Industrial Park" with the Hunan Provincial Department of Commerce, the Ethiopian Industrial Park Development Company, the Ethiopian Investment Committee, the Changsha Economic Development Zone Group, and CGCOC Group. Sany will operate the Adama-Hunan Machinery and Equipment Manufacturing Park along with Sino-Egyptian enterprises. 
The park will be in the Adama Wind Power Industrial Park. It is expected to be a modern cooperative equipment manufacturing park by 2020. It will feature four major industrial sectors: engineering machinery, energy power, automobiles and its parts, and general equipment. 
At present, the park is in the plant construction stage. After completion, it will become the fulcrum for Hunan's industries and enterprises investment in Africa. Eighteen enterprises including Sany Heavy Industry and FOTON have agreed to locate in the park. 
Sany has also worked with the China-Africa Development Fund. They have carried out advanced industrial manufacturing, clean energy and power, large-scale infrastructure and modern construction in Algeria, Tunisia, Ethiopia and South Africa.