Multi Ways Holdings Announces Sale of Twenty-Three SANY Cranes Totaling Over US$6.6 Million
Multi Ways Holdings (NYSE American: MWG) has announced the sale of 23 SANY cranes during the year ending December 31, 2024, generating revenue of SGD 8.9 million (US$6.6 million). The transaction strengthens the company's partnership with SANY, the Chinese engineering giant and world's third-largest machinery manufacturer.
The deal represents a significant portion of Multi Ways' equipment transactions for 2024 and aligns with the company's strategy to maintain a modern, high-performance fleet. As a leading supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, Multi Ways aims to meet the strong demand for premium construction equipment through its partnership with SANY.
Multi Ways Holdings (NYSE American: MWG) ha annunciato la vendita di 23 gru SANY durante l'anno che si concluderà il 31 dicembre 2024, generando un fatturato di 8,9 milioni di SGD (6,6 milioni di US$). La transazione rafforza la partnership dell'azienda con SANY, il gigante ingegneristico cinese e il terzo produttore mondiale di macchinari.
Quest'operazione rappresenta una parte significativa delle transazioni di attrezzature di Multi Ways per il 2024 e si allinea con la strategia dell'azienda di mantenere una flotta moderna e ad alte prestazioni. Come fornitore leader di attrezzature per la costruzione pesante per la vendita e il noleggio a Singapore e nelle regioni circostanti, Multi Ways mira a soddisfare la forte domanda di attrezzature edili premium attraverso la partnership con SANY.
Multi Ways Holdings (NYSE American: MWG) ha anunciado la venta de 23 grúas SANY durante el año que terminará el 31 de diciembre de 2024, generando ingresos de 8.9 millones de SGD (6.6 millones de US$). La transacción fortalece la asociación de la empresa con SANY, el gigante de la ingeniería china y el tercer fabricante de maquinaria más grande del mundo.
Este acuerdo representa una parte significativa de las transacciones de equipos de Multi Ways para 2024 y se alinea con la estrategia de la empresa de mantener una flota moderna y de alto rendimiento. Como proveedor líder de equipos de construcción pesada para venta y alquiler en Singapur y la región circundante, Multi Ways busca satisfacer la fuerte demanda de equipos de construcción premium a través de su asociación con SANY.
Multi Ways Holdings (NYSE American: MWG)는 2024년 12월 31일로 종료되는 한 해 동안 23대의 SANY 크레인 판매를 발표하며 890만 싱가포르 달러(660만 미국 달러)의 수익을 창출할 것입니다. 이 거래는 중국의 엔지니어링 거대 기업이자 세계에서 세 번째로 큰 기계 제조업체인 SANY와의 파트너십을 강화합니다.
이번 거래는 2024년 Multi Ways의 장비 거래에서 중요한 부분을 차지하며, 회사가 현대적이고 고성능의 플릿을 유지하려는 전략과 일치합니다. 싱가포르와 주변 지역에서 판매 및 임대를 위한 중장비의 주요 공급업체로서, Multi Ways는 SANY와의 파트너십을 통해 프리미엄 건설 장비에 대한 강한 수요를 충족하고자 합니다.
Multi Ways Holdings (NYSE American: MWG) a annoncé la vente de 23 grues SANY au cours de l'année se terminant le 31 décembre 2024, générant des revenus de 8,9 millions de SGD (6,6 millions de US$). La transaction renforce le partenariat de l'entreprise avec SANY, le géant chinois de l'ingénierie et le troisième plus grand fabricant de machines au monde.
Ce deal représente une part significative des transactions d'équipement de Multi Ways pour 2024 et s'aligne avec la stratégie de l'entreprise de maintenir une flotte moderne et haute performance. En tant que fournisseur leader d'équipements de construction lourde pour la vente et la location à Singapour et dans les régions environnantes, Multi Ways vise à répondre à la forte demande pour des équipements de construction de qualité supérieure grâce à son partenariat avec SANY.
Multi Ways Holdings (NYSE American: MWG) hat den Verkauf von 23 SANY-Kränen im Jahr, das am 31. Dezember 2024 endet, angekündigt, was Einnahmen von 8,9 Millionen SGD (6,6 Millionen US$) generiert. Die Transaktion stärkt die Partnerschaft des Unternehmens mit SANY, dem chinesischen Ingenieurriesen und dem drittgrößten Maschinenhersteller der Welt.
Der Deal stellt einen signifikanten Teil der Gerätegeschäfte von Multi Ways für 2024 dar und entspricht der Strategie des Unternehmens, eine moderne, leistungsstarke Flotte aufrechtzuerhalten. Als führender Anbieter von schweren Baugeräten zum Verkauf und zur Vermietung in Singapur und der umliegenden Region strebt Multi Ways an, die starke Nachfrage nach erstklassigen Baumaschinen durch seine Partnerschaft mit SANY zu decken.
- Generated US$6.6 million in revenue from SANY crane sales
- Strategic partnership with world's third-largest machinery manufacturer
- Significant equipment transaction volume for 2024
- None.
Insights
Key financial implications include:
- Immediate revenue recognition of
SGD 8.9 million - Enhanced market positioning through association with a tier-1 manufacturer
- Potential for improved profit margins through volume-based pricing
The strategic implications are noteworthy:
- Fleet modernization strategy aligns with industry best practices
- Strengthened competitive position in the regional heavy equipment market
- Demonstrated ability to execute large-scale equipment deals
SINGAPORE, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced the the sale of 23 SANY cranes in the year ending December 31, 2024, generating revenue of SGD 8.9 million (US
"This deal showcases our ability to deliver exactly what our clients need," said Mr. James Lim, Chairman and Chief Executive Officer of Multi Ways. "We're seeing strong demand for premium construction equipment, and our relationship with SANY helps us meet that demand head-on."
The sale represents a significant portion of Multi Ways' equipment transactions for 2024 and demonstrates the Company's ongoing strategy to maintain a modern, high-performance fleet. By working closely with SANY, Multi Ways can offer its clients access to some of the most advanced construction machinery available. Multi Ways has made it a priority to actively refresh its equipment lineup to stay competitive in the rapidly evolving construction sector.
About Multi Ways Holdings Limited
Multi Ways Holdings supplies a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region. With more than two decades of experience in the sales and rental of heavy construction equipment business, the Company is widely established as a reliable supplier of new and used heavy construction equipment to customers from Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines. With our wide variety of heavy construction equipment in our inventory and complementary equipment refurbishment and cleaning services, Multi Ways is well-positioned to serve customers as a one-stop shop. For more information, visit www.multiwaysholdings.com.
Safe Harbor Statement
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Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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