As part of its commitment to excellence and customer satisfaction,
- SANY Crawler Crane, Model SCS1500A
- SANY Crawler Crane, Model SCC1000A-5
- SANY Crawler Crane, Model SCC850A-5
- SANY Telescopic Crawler Crane, Model SCC800TB-5
This procurement initiative is a cornerstone of the Company's broader strategy to expand and renew its fleet. By integrating new and used heavy construction equipment, Multi Ways aims to cater to a wider customer base, enhance its service reliability, and solidify its position in the market. The renewal strategy focuses on the fleet's regular upgrades and expansions, driven by customers' feedback across various industries and geographical locations. This approach ensures the company's offerings remain highly relevant and sought after.
Before any acquisition, Multi Ways conducts a thorough market analysis to evaluate the potential value and earnings of the equipment, ensuring investments are strategically sound and aligned with long-term financial goals. Regular reviews of the fleet composition allow the company to adapt to changing customer needs while focusing on reducing operational costs through minimizing repair and maintenance expenses. Older equipment may be sold off to make way for newer models, enhancing the fleet's overall reliability and safety.
Mr.
“This strategic expansion and renewal endeavor position Multi Ways as a forward-thinking leader in the heavy construction equipment sector, ready to meet the challenges and opportunities of a dynamic market landscape. Our fleet renewal strategy centers on providing reliable and efficient service to our customers. By maintaining a modern and versatile fleet, we can better meet the evolving demands of our projects and continue to deliver exceptional value to our stakeholders,” concluded
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Investor Relations Contact:
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Email: matthew@strategic-ir.com
Commemorating the agreement is a representative from
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ff38582-03a4-4157-b973-4027a392f4d7
Picture 1
Commemorating the agreement is a representative from SANY International Development Limited and Mr. James Lim , Chairman and CEO of Multi Ways (January 2024 )
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