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SANY America Chooses GE Capital to Expand Financing Solutions

Fri September 23, 2011 - National Edition
CEG



SANY America has established a program with GE Capital to expand wholesale and retail financing solutions for distributors and their end user clients. The news comes as the U.S. based subsidiary of Chinese heavy equipment manufacturer SANY Heavy Industry continues to grow its production and distribution base in North America.

“Our company has outlined very aggressive growth strategies in the North American heavy equipment markets,” said SANY America Finance Manager Scott Morrish. “As we accelerate the expansion of our dealer networks, our partnership with GE Capital will afford our customers a wide variety of financing solutions,” he added.

The announcement comes only months after SANY Heavy Industry joined the Financial Times Global 500 List, an annual ranking of the world’s strongest firms by market capitalization. SANY Heavy Industry’s financial stability, coupled with the strength and flexibility of GE Capital, will allow dealers and end users to update existing fleets and add new products while maximizing profitability and value.

“We are pleased to support SANY’s expansion strategy by offering both attractive inventory financing for SANY dealers and compelling retail financing for end-user commercial customers,” said Kristi Webb, general manager, GE Capital, Dealer Finance. “GE’s deep expertise and broad coverage network in the heavy equipment market makes us uniquely able to assist SANY as they build their U.S. business.”

In late August, SANY America moved to its new 400,000 sq. ft. corporate headquarters in Peachtree City, Ga. The facility features 60,000 sq. ft. of office space and 340,000 sq. ft. of manufacturing area, where the company will assemble its line of crawler cranes, hydraulic excavators and concrete pump trucks.