SINGAPORE, Jan. 08, 2025 — Multi Ways Holdings Limited (Multi Ways or the Company) (NYSE American: MWG), a leading supplier of heavy construction equipment for sales and rentals in Singapore and the surrounding region, today reported the sale of 23 SANY cranes in 2024, generating SGD 8.9 million (US$6.6 million) in revenue. This transaction strengthens Multi Ways’ partnership with SANY, a major Chinese engineering firm and the world’s third-largest machinery manufacturer.
“This sale demonstrates our ability to meet client needs,” stated Mr. James Lim, Chairman and CEO of Multi Ways. “We’re experiencing strong demand for high-quality construction equipment, and our SANY relationship helps us fulfill this demand.”
This significant sale comprises a substantial portion of Multi Ways’ 2024 equipment transactions and reflects the Company’s commitment to a modern, high-performance fleet. The collaboration with SANY provides clients access to cutting-edge construction machinery. Multi Ways prioritizes equipment upgrades to maintain competitiveness in the dynamic construction industry.
About Multi Ways Holdings Limited
Multi Ways Holdings provides a wide range of heavy construction equipment for sale and rental across Singapore and the surrounding region. With over two decades of experience in heavy construction equipment sales and rentals, the Company is a trusted supplier of new and used equipment to customers in Singapore, Australia, the UAE, Maldives, Indonesia, and the Philippines. Our diverse inventory and complementary equipment refurbishment and cleaning services position Multi Ways as a one-stop shop for customers. For more information, visit .
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