Sany Heavy Industry - China's biggest maker of excavators - lowers its sales growth target to...

|By:, SA News Editor

Sany Heavy Industry - China's biggest maker of excavators - lowers its sales growth target to 10% from 40% previously. "We (previously) estimated the whole market to grow slightly," says its vice chair. "It seems we were too optimistic." With the industry in contraction, the company will need to take market share to meet even its lowered forecast.