Chinese equipment maker eyes Cambodia
Sany Heavy Industry, one of the biggest manufacturers of heavy construction machinery in China’s Hunan province, plans to expand in Cambodia to tap into rising infrastructure development. Zhou Wanchun, vice president and chairman of Sany International headquarters in Hunan, said during a China-ASEAN media tour that after successful expansion in Europe, ASEAN has the key potential for foreign growth. “ASEAN countries are the key market for our group as well as complying with the One Belt; One Road Initiative.” he said. “Sany will conduct very smooth business in these countries and will strengthen its power and communications, with more investment in dealers, sales and services resources in ASEAN countries.
