by Yaling Zhang, CFO, Sany International Development Limited
Chinese multinational Sany International Development Limited (Sany) is the world’s sixth largest heavy machinery manufacturing company, headquartered in Changsha, Hunan Province. Sany was the first corporation in its industry to enter the FT Global 500 and Forbes 2000 rankings. The company has manufacturing locations across China as well as in Brazil, Germany, India, Indonesia and the United States, with around 38,000 employees worldwide. In this article Yaling Zhang, CFO, describes some of the initiatives that Sany’s treasury function has implemented in recent years to manage the company’s rapid international growth and support future success.
Optimising domestic and international liquidity