SUNWARD Industry City Starts Constructing

Build World's Largest Foundation Equipment Manufacturing Base

On the morning of 28^th July, "SUNWARD Industry City Ground-breaking Ceremony & SUNWARD Equipment Group Founding Conference" was held in Changsha National Economic & Technical Development Zone, Xingsha, Changsha, China.

Chen Shuhong, Deputy Director of the Standing Committee of Hunan Provincial People's Congress; Huang Xinliang from the Science and Technology office of Hunan; Yang Yiwen from Changsha National Economic & Technical Development Zone; Su Zimeng from China Construction Machinery Association, and other officers from Hunan Province Government attended the ceremony.

Build World’s Largest Foundation Equipment Manufacturing Base

SUNWARD Industry City was located in Changsha National Economic & Technical Development Zone, which was invested by SUNWARD Equipment Group. This industry city is a new industrialization base concentrated innovation system, manufacturing system, office, experimentation and testing system, and components enterprises. Taking 1 780 000m² area, 700 million dollars investment, SUNWARD Industry City would have a yearly output value of 3 billion dollars and profit tax of 410 million dollars.

The first phase of SUNWARD Industry City construction project covering about 700 000m² will produce piling machinery, modern drilling equipment, excavating machinery and so on. It is estimated that the first phase project would achieve a yearly output value of 130 000 million dollars and profit tax of 200 million dollars. According to the programming, the first phase project will be finished in 2012 and put into operation. The second phase project will be used to produce compact construction machinery, hoisting machinery, components and office center for technique, experiment, trial manufacture and so on. The third phase project will be used for other relative enterprises and offices.

As SUNWARD development in group strategy, products and industry scope expansion, the new industry base construction is ultimately inevitable. Mr. Su said that the Industry City construction would provide enough space for SUNWARD products manufacturing. Further more, the Industry City would promote SUNWARD leapfrog development under the background of convergence trend, chain optimization, and centralized management.

Mr. He made a presentation that SUNWARD Industry City construction is a milestone of SUNWARD development, which means SUNWARD second stride development. Thus it could provide a solution to energy bottleneck and logistics cost. By improving the validity and rationality of industry city programming, SUNWARD production capacity could be greatly improved. Constructed SUNWARD Industry City will be the world’s largest foundation equipment manufacturing base, the largest excavator manufacturing base in south China, and one of the largest equipment manufacturing base of Hunan. SUNWARD Industry City construction is the sign of SUNWARD group development startup to form a foundation equipment manufacturing group which is major in construction machinery, as well as involved mining equipment, general aviation and so on.

Promote Construction Machinery Structure Optimization to Build China Construction Machinery Capital

In recent years, China construction machinery develops fast to be the world’s largest construction machinery market. During the period of Twelfth Five-Year Plan, enormously urbanization, infrastructure construction and national strategic industries development would drive China construction machinery market developing much faster.

Changsha, an accumulation area of China construction machinery manufacturer, takes construction machinery as a core industry. In 2010, Changsha construction machinery output value has exceeded 17.1 billion dollars, and it is expected to exceed 47 billion dollars at the end of the twelfth five-year plan. Changsha County, which had been orientated as "Capital of China construction machinery" by the government, has become the accumulation area of Changsha construction machinery manufacturer. At present, the output of Changsha construction machinery covers 60% of Hunan province, and occupies 23% of domestic market share, as well as 7.2% of the world market. On the first half of 2011, Changsha County industry output, which gets a growth of 34.5%, reaches 12 billion dollars. The output of construction machinery having a growth of 53.6% reaches 8 billion dollars, which covers 65.4% of Changsha County industry output.

During the twelfth five-year plan, Changsha County will keep introducing famous construction machinery enterprises with enlargement, grouplization and specialization strategy under the effect of industrialization. SUNWARD Industry City is one of excellence results of Changsha construction machinery development. By taking way of extending industrial chain, constructing supply companies, and strengthening industry congregating, China construction machinery capital constructing could be greatly promoted. Officer from Changsha County said that in order to realize the whole industry concentration, SUNWARD Industry City construction will provide additional power to Changsha County high-tech industry development, as well as optimize industry construction and promote enterprise brand.