Sany Heavy Industry – Beneficiary of China’s strong infrastructure spending

Main Points Sany Heavy Industry is a major producer of construction equipment. It is expected to surpass Caterpillar in global sales for excavators for the first time in 2018. With roughly 70% of its sales in China, Sany Heavy Industry is poised to benefit from strong infrastructure spending. China’s construction sector is expected to see a strong growth rate in the medium to long term. With only about 30% of its sales being international sales and spread over several regions, the company is not heavily hit by US trade sanctions. In fact, the trade war may spur Chinese companies to…...