Changsha had been an important cluster district of construction machinery industry in China and also in the world, and at present the construction machinery had developed to be one of the mainstay industries with the most powerful competitive forces. In 2010, the total output value of construction machinery industry in Changsha broke through RMB 110 billion Yuan. It was predicted that in the end of the twelfth five-year plan, the annual output value of construction machinery industry in Changsha would have exceed RMB 300 billion. To be the leading cluster district of construction machinery industry in Changsha, Changsha County and Changsha Economic and Technological Development Zone had been developed under the proposal of building up the Construction Machinery City in China stated early in 2008 with the issue of policies supporting the progress f construction machinery. Nowadays, the output value of Changsha country and Changsha Economic and Development Zone occupied to be third fifth of the Hunan province, 23% of the whole marketing shares in the same industry in China, 7.2% of the marketing shares in the global world. In the first half of 2011, the value of industrial production output in Changsha Country reached RMB 77.22 billion Yuan with an increase of 34.5% when compared with the same period of last year, among which the output value of construction machinery was RMB 46.59 billion Yuan with a year-on-year increase of 53.6%, to be 65.4% of the total output brought by the scaled industries in the county.

During the twelfth five-year plan, Changsha Country and Changsha Economic and Technological Development Zone would continue to strengthen the effects taken by the new trend of industrialization, developing construction machinery industry in the scaled, clustered and specialized modes through actively introducing famous construction machinery industry at home and abroad into this marketplace.

Sunward Industrial City was the typical example in the construction machinery industry in Changsha to develop by clusters. Through lengthening the industrial chains, constructing the joints of the industry and strengthening the industrial integration, this project of Industrial City would be forcefully propel the process of constructing Changsha to be the Construction Machinery City in China.

On the ceremony, Secretary of Party Working Committee of Changsha Economic and Technological Development Zone (state-level) and Secretary of Changsha CPC Country Committee Yang Yiwen stressed that the construction of Sunward Industrial City as the new industrialized base would bring new driving force for development of Changsha Economic and Technological Development Zone and high-and-new technological industries in Changsha County and would actively play a key role in optimizing the industrial structure and improving the image of the industry, contributing a lot to the realization of the general industrial formation that would be comprised of powerful equipment, in-time supportive parts supply and optimal in environmental protection of construction machinery in Xingsha Industrial Base.

About Sunward

Hunan Sunward Intelligent Machinery Co., Ltd. (Short Name: Sunward, Stock Code: 002097) is a hi-tech listed company that integrates production, research and development. And it has become a famous enterprise in the construction machinery industry of China since its establishment on July 29, 1999.

The company has a registered capital of RMB 26.5 million and total assets of over RMB 120 million. Among over 1700 employees, there are 52% who have college degree or above and over 30 masters, doctors, or post doctorates; and over 200 professional technical personnel. The company owns the First and the Second Sunward Intelligent Industrial Park, which cover 235 Mu and 200 Mu respectively. And it also owns the Wuxi Sunward Hydraulic Machinery Co., Ltd., which is exclusively invested by Sunward.