President of Hunan Import-Export Bank Visits SANY

Tang Yinlian, President of Hunan Import-Export Bank, discussed cooperation matters with SANY's Chairman Liang Wengen and President Tang Xiuguo at SANY on October 9.

Chairman Liang first introduced the basic situation about SANY and the engineering machinery industry to President Tang Yinlian. Liang said that SANY's products such as concrete machinery, hoisting machinery, pile driving machinery, excavating machinery and coal-mining machinery boast strong market competitiveness. SANY achieved sales revenue of RMB13.5 billion in 2007 and expects to achieve RMB22 billion in sales this year.

President Tang Xiuguo expressed gratitude to Hunan Import-Export Bank for its great support. By cooperating with Hunan Import-Export Bank, SANY has expanded its export and import financial business and broadened its field of vision, and also gained more experience in aspects like financing channels and international business operation, Tang Xiuguo said.

President Tang Yinlian expressed admiration to SANY's development mode and accomplishments, expecting the wish to further deepen cooperation on the current basis.