Zanchen Parts: Your New Digital Hub is Now Live! http://parts.zanchen.vip/ https://www.yicaiglobal.com/news/indonesian-competition-regulator-fines-chinas-sany-record-usd27-million (Zanchen) Aug.10 — Indonesia's antitrust authority has fined three local subsidiaries of China's Sany Heavy Industry a record 44.9 billion rupiah (USD 27.4 million) for anticompetitive practices. According to the Indonesian Competition Commission (KPPU), PT Sany Indonesia Machinery faces the largest penalty of 36 billion rupiah, while PT Sany Heavy Industry Indonesia and PT Sany Indonesia Heavy Equipment were fined 5.7 billion and 3.2 billion rupiah, respectively. The case stems from Sany's 2023 requirement that two non-exclusive Indonesian distributors purchase trucks, equipment, and parts exclusively from these subsidiaries, which also sold directly to end customers—bypassing local partners. Sany also imposed stricter payment terms, causing the distributors to miss targets and lose product access. Sany's Hong Kong-listed arm, Sany Heavy Equipment International Holdings, was not fined but must revise its sales plan. A KPPU spokesperson warned the penalty should serve as a warning to all companies against monopolistic behavior. Sany has invested heavily in Indonesia, opening its first overseas smart factory there in 2020 with a capacity of 3,000 excavators annually. Last year, it secured a USD 250.6 million excavator order from Indonesian mining group Jhonlin. In 2023, Sany's overseas revenue rose 12% to about CNY 48.5 billion (USD 6.8 billion), accounting for 64% of total sales.
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