August 6 -- Sany Heavy Industry (600031) expects net profit to surge 150 percent year-on-year in the first half of 2010, reports Shanghai Securities News, citing a company filing.

The company recorded net profit of 1.1 billion yuan in the first half of 2009.

According to the company, the market share of its major products increased in the first half due to greater demand.

SANY HEAVY INDUSTRIES CO., LTD is involved in all aspects of construction machinery manufacturing, with products as diversified as construction equipment, road construction equipment and crane etc., totaling 25 categories and more than 120 kinds. The leading products include the concrete pump, truck mounted concrete pump, concrete batching plant, asphalt batching plant, roller, asphalt paver, motor grader, truck crane, crawler crane, and so on. Market shares of truck mounted concrete pumps, concrete pumps, and full hydraulic rollers stand first place in the domestic market and the production of pump truck tops the world. So far, Sany Heavy Industries Co., Ltd remains the producer of concrete pumps with the longest boom and largest volume of displacement.　

Source: Capital Vue