SANY Opens Global Engineering Machinery Remanufacturing Base
ECONOMY & POLICY

SANY Opens Global Engineering Machinery Remanufacturing Base

SANY Group has recently commenced operations at its first global engineering machinery remanufacturing base, the SANY Hunan–Hainan Intelligent Manufacturing Industrial Park, located in Dongfang. The opening marks a significant step in the company’s globalisation and sustainability roadmap, with orders worth around USD 14.27 million secured from Southeast Asia and Africa on the launch day.

The facility is China’s first industrial park jointly developed by a pilot free trade zone and a pilot free trade port, strengthening cross-regional industrial collaboration between Hunan and Hainan. By combining manufacturing strengths with favourable trade and tax policies, the park is positioned to support Chinese engineering machinery companies in expanding their international presence.

Construction of the park began in August 2023. Spread across approximately 10 hectares, the project represents a total investment of about USD 85.62 million and is expected to generate an annual output value of roughly USD 107.02 million at full capacity.

Designed as a regional remanufacturing and resource distribution hub, the facility focuses on maintenance and remanufacturing of core engineering machinery components and second-hand equipment sourced from both domestic and overseas markets. The initiative promotes circular use of industrial resources and extends equipment life cycles.

Operating under the Hainan Free Trade Zone framework, the park benefits from tariff preferences on eligible value-added processing, bonded supervision for remanufacturing activities and income-tax incentives under the ‘Dual 15 per cent’ policy.

Commenting on the development, Tang Xiuguo, Chairman of SANY Group, said the project is a key strategic move to deepen globalisation, digitalisation and low-carbon transformation, while accelerating the industry’s shift towards greener and more sustainable engineering machinery solutions.

SANY Group has recently commenced operations at its first global engineering machinery remanufacturing base, the SANY Hunan–Hainan Intelligent Manufacturing Industrial Park, located in Dongfang. The opening marks a significant step in the company’s globalisation and sustainability roadmap, with orders worth around USD 14.27 million secured from Southeast Asia and Africa on the launch day. The facility is China’s first industrial park jointly developed by a pilot free trade zone and a pilot free trade port, strengthening cross-regional industrial collaboration between Hunan and Hainan. By combining manufacturing strengths with favourable trade and tax policies, the park is positioned to support Chinese engineering machinery companies in expanding their international presence. Construction of the park began in August 2023. Spread across approximately 10 hectares, the project represents a total investment of about USD 85.62 million and is expected to generate an annual output value of roughly USD 107.02 million at full capacity. Designed as a regional remanufacturing and resource distribution hub, the facility focuses on maintenance and remanufacturing of core engineering machinery components and second-hand equipment sourced from both domestic and overseas markets. The initiative promotes circular use of industrial resources and extends equipment life cycles. Operating under the Hainan Free Trade Zone framework, the park benefits from tariff preferences on eligible value-added processing, bonded supervision for remanufacturing activities and income-tax incentives under the ‘Dual 15 per cent’ policy. Commenting on the development, Tang Xiuguo, Chairman of SANY Group, said the project is a key strategic move to deepen globalisation, digitalisation and low-carbon transformation, while accelerating the industry’s shift towards greener and more sustainable engineering machinery solutions.

Next Story
Infrastructure Urban

9th India–Myanmar Joint Trade Committee Meeting Held in Nay Pyi Taw

The ninth meeting of the India–Myanmar Joint Trade Committee (JTC) was held in Nay Pyi Taw, Myanmar, with a focus on strengthening bilateral trade and deepening economic cooperation. The meeting was co-chaired by U Minn Minn, Deputy Minister, Ministry of Commerce of the Republic of the Union of Myanmar, and Nitin Kumar Yadav, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India.Representatives from relevant ministries and stakeholder departments from both countries participated in the discussions. The meeting covered a broad range of issues aim..

Next Story
Infrastructure Urban

DGCA Launches Digital Pilot Licence Services for ATPL

The Directorate General of Civil Aviation (DGCA) has launched Electronic Personnel Licence (EPL) services for the Airline Transport Pilot Licence (ATPL), marking a significant step in the regulator’s ongoing digital transformation of aviation licensing in India. The service was inaugurated at an event held at the DGCA headquarters.Inaugurating the EPL ATPL service, Director General of Civil Aviation Faiz Ahmed Kidwai said the initiative represents a major advancement in strengthening India’s civil aviation regulatory framework through secure, modern and future-ready digital systems. He con..

Next Story
Infrastructure Urban

Cabinet Extends Atal Pension Yojana and Support Till 2030–31

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Atal Pension Yojana (APY) up to the financial year 2030–31, along with the extension of government funding support for promotional and developmental activities and gap funding to ensure the scheme’s long-term sustainability.Under the approved framework, APY will continue to receive government support aimed at expanding its reach among unorganised and low-income workers. This includes funding for awareness campaigns, capacity-building initiatives and other developmental activities to strengthen ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App