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SANY Commences Operations at Its First Engineering Machinery Remanufacturing Base in Hainan
SANY Group officially commenced operations of its first global engineering machinery remanufacturing base, the SANY Hunan-Hainan Intelligent Manufacturing Industrial Park (the Park), on December 23 in Dongfang City of Hainan Province, in China. The event marks a key milestone in SANY’s globalization and sustainability strategy, and on the opening day, the group secured orders worth ¥100 million ($19.6 million) from Southeast Asia and Africa. The Park is China’s first industrial park co-constructed by a pilot free trade zone (FTZ) and a pilot free trade port, and it is taking the cross-regional linkage development of Hunan and Hainan a step further, leveraging both provinces’ respective industrial and policy advantages to support Chinese companies in expanding their global footprint. The Park, which commenced construction in August 2023, covers an area of approximately 10 ha. And with a total investment of ¥600 million ($118 million), it is expected to achieve an annual output value of about ¥750 million ($147 million) once operating at full capacity. Strategically positioned as a regional remanufacturing center and resource distribution platform serving both domestic and international markets, the Park focuses on the maintenance and remanufacturing of core engineering machinery components and second-hand equipment from domestic and international markets, promoting the circular reuse of industrial resources. Under the framework of the Hainan FTZ, the Park benefits from the “Dual 15%” tax‑incentive policy and has received approval for its outsourced processes to enjoy a 15% corporate income‑tax reduction. “The project represents a key strategic initiative for SANY to deepen its globalization, digitalization, and low-carbon transformation. Moving forward, SANY will continue to actively explore new models for remanufacturing, promote the circular reuse of industrial resources, and jointly advance the global engineering machinery industry’s transition toward a greener, low-carbon future,” said Tang Xiuguo, Chairman of SANY.
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