Photo Courtesy of Sany America Inc. Sany America is now outfitting a new $60-million factory near Atlanta. It is the first Chinese producer to build a plant on U.S. soil. Chinese manufacturers are on track this year to become the second-largest global exporters of construction equipment, but it will take some time for them to pose a threat to established suppliers.“They are moving faster than we expected,” says Stephen Joske, director of China forecasting for the Economist Intelligence Unit and author of the EIU report, “Heavy Duty: China's Next Wave of Exports,” released last month.Last year, the U.S. led construction
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.