Sinoboom raises the stakes with new factory

Chinese access equipment manufacturer Sinoboom opened its new factory in Jinzhou industry zone, Ningxiang district, Changsha today (25 April).

The new factory will cover about 200,000 square metres. So far, one third, or 66,000 square metres of the facility, has been completed. The other two thirds are due to be completed in the next 4 to 5 years.

Once in full production, Sinoboom says it will produce 3000 scissors and 2000 articulated and telescopic booms annually - significantly more than the 300 units manufactured in 2012. Turnover could reach RMB800 million each year, added the company.

Sinoboom was founded in 2008. Its turnover in 2012 was RMB120million, with exports contributing 65% of total revenue.

Changsha is known as the 'capital of China construction equipment manufacturing', with Zoomlion, Sany and Sunward, among many others, based close by.