New industrial park drives sustainable machinery growth

SANY Group has officially begun operations at its first global engineering machinery remanufacturing hub, the SANY Hunan-Hainan Intelligent Manufacturing Industrial Park

The launch marks a major step in SANY’s globalisation and sustainability strategy, with the company securing CNY100 million (US$14.27mn) in orders from clients in Southeast Asia and Africa on the opening day.

The Park represents China’s first industrial facility co-developed by a pilot free trade zone (FTZ) and a pilot free trade port, advancing cross-regional collaboration between Hunan and Hainan provinces. By leveraging both provinces’ industrial strengths and policy incentives, the Park is designed to support Chinese enterprises in expanding their international footprint.

Construction of the Park began in August 2023, covering approximately 10 hectares (150 mu). With a total investment of CNY600 million (US$85.62mn), it is expected to reach an annual output value of CNY750 million (US$107.02mn) when operating at full capacity.

Positioned as a regional remanufacturing hub and resource distribution platform, the Park focuses on the maintenance and remanufacturing of core engineering machinery components as well as second-hand equipment from domestic and international markets. The facility promotes the circular reuse of industrial resources, aligning with SANY’s commitment to sustainability.

Operating under the Hainan FTZ framework, eligible value-added processing activities enjoy tariff preferences, while remanufacturing operations under bonded supervision may qualify for corporate and personal income‑tax incentives. The Park benefits from the “Dual 15%” tax-incentive policy, receiving approval for outsourced processes to enjoy a 15% corporate income-tax reduction.

“The project represents a key strategic initiative for SANY to deepen its globalisation, digitalisation, 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.