In this success post, we are going to share the story of Liang Wengen, a Chinese entrepreneur in the fields of heavy manufacturing and the founder and Chairman of the Sany Heavy Industry. In the year 2011, he became the richest man in mainland China. And was tipped to become a member of the Central Committee of the Communist Party of China with a net worth of $8 billion.
Liang Wengen Business Activities
Since 1978, Liang Wengen has been a significant part of the economic growth of China. He started by working with state-run plants of arms, and now; he tops the lists of wealthiest individuals in the country. But he established Sany Group in the year the 1980s, with three other partners, At that time. It was the first Chinese company to conduct a structural reform of split share, and it internationalized itself by establishing overseas acquisitions.
In the year 1986, he had quit his state-run firm post, and tried to trade ships, but met failure. He tried hands at several other businesses, which includes making wine, but failed. Then, he returned and started focusing on heavy industry, and founded Sany in 1989.
Liang Wengen Success Opportunities
The country development in infrastructure construction gave several opportunities to Liang to become successful in the industry. He said, “Although we did not know much about infrastructure projects. We did know the equipment needed in the infrastructure construction.” As China made it’s an economy more open, Sany was able to split the state monopoly, and smash the dominance of international players. Gradually, Lian recruited talented managers in his firm, with whom he quickly developed into one of the leading construction equipment manufacturers in the country.
Since years, Lian Wengen is dominating the heavy manufacturing industry of China. And his operations are expanded to 100 different parts of the globe. In 2011, he was listed among the richest men in China and was also tipped to be a member of the Central Committee of the Communist Party of China. Moreover, he lost the position in 2013 but is still one of the wealthiest businessmen in the world.
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