The Chinese construction machinery group SANY Group has signed letters of intent worth 10 billion RMB (approximately 1.3 billion euros) as well as concrete contracts worth over 5 billion RMB (around 650 million euros). The major orders mark a significant business boost for the manufacturer of excavators, concrete pumps and cranes. Sany is among the world's leading providers in the construction machinery and heavy industry sector and is increasingly competing with European and Japanese manufacturers for global market share.