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Sany to move HQ to Beijing (2)

By Chen Dujuan (Global Times)

10:13, November 23, 2012

Sany, the world's sixth largest heavy equipment firm by sales, now has investments in Brazil, Germany and the US.

The company acquired German concrete pump producer Putzmeister in January, and attracted world attention in October by suing US President Barack Obama for blocking Sany wind farm projects in the US.

"Beijing offers better scientific researchers, more international staff members and wider connections to the central government than Changsha," He Manqing, a researcher with the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, told the Global Times Thursday.

But operating costs will surely surge in Beijing, Wu Weiku, a professor at the School of Economics and Management at Tsinghua University, told the Global Times Thursday, noting that Beijing, with so many big companies, may not offer as many preferential policies as Changsha, and labor relocation will cost even more money for the company.

Wu noted that Sany has made itself as an iconic company in Changsha, and relocation to Beijing will not necessarily enhance its brand.

Competition with rival Zoomlion in Changsha may be another reason for the relocation, Construction Machinery Weekly, an industrial publication, said on its Sina Weibo.

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