The construction machinery industry in China is about to bottom out, and wire drawing machine manufacturers may experience a slight decline in the second half of the year. Optimistically, the market is expected to recover early next year On August 3, Xiang Wenbo, president of Sany Heavy Industry, judged the industry trend in this way.
Regarding rumors of company layoffs and financial constraints, Xiang Wenbo also clarified one by one, stating that the company currently has ample cash flow and no layoff plans.
At the same time, Xiang Wenbo said that due to the impact of the international economic situation, Sany's H-share IPO has been suspended, but the company's overseas expansion is accelerating. The straightening machine equipment "The European debt crisis has given the company a good opportunity to 'hunt', and we are negotiating new overseas acquisition projects."
