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Multi Ways Holdings Announces Sale of Twenty-Three SANY Cranes Totaling Over US$6.6 Million
MWGMulti Ways (MWG) Newsfilter·2025-01-08 13:30

Core Viewpoint - Multi Ways Holdings Limited announced the sale of 23 SANY cranes in 2024, generating revenue of SGD 8.9 million (US6.6million),highlightingstrongdemandforpremiumconstructionequipmentandthecompany′sstrategicpartnershipwithSANY[1][2].CompanyOverview−MultiWaysHoldingsLimitedisaleadingsupplierofheavyconstructionequipmentforsalesandrentalinSingaporeandthesurroundingregion,withovertwodecadesofexperienceintheindustry[3].−Thecompanyservesadiversecustomerbase,includingclientsfromSingapore,Australia,UAE,Maldives,Indonesia,andthePhilippines,positioningitselfasaone−stopshopforheavyconstructionequipment[3].SalesandRevenue−Thesaleof23SANYcranesrepresentsasignificantportionofMultiWays′equipmenttransactionsfor2024,demonstratingthecompany′songoingstrategytomaintainamodernandhigh−performancefleet[2].−TherevenuegeneratedfromthissaleamountstoSGD8.9million(US6.6 million), highlighting strong demand for premium construction equipment and the company's strategic partnership with SANY [1][2]. Company Overview - Multi Ways Holdings Limited is a leading supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience in the industry [3]. - The company serves a diverse customer base, including clients from Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines, positioning itself as a one-stop shop for heavy construction equipment [3]. Sales and Revenue - The sale of 23 SANY cranes represents a significant portion of Multi Ways' equipment transactions for 2024, demonstrating the company's ongoing strategy to maintain a modern and high-performance fleet [2]. - The revenue generated from this sale amounts to SGD 8.9 million (US6.6 million), indicating a successful transaction that contributes to the company's financial performance [1]. Strategic Partnerships - The partnership with SANY, the world's third-largest machinery manufacturer, allows Multi Ways to offer advanced construction machinery, meeting the strong demand in the construction sector [2]. - By actively refreshing its equipment lineup, the company aims to stay competitive in the rapidly evolving construction market [2].