Multi Ways Holdings Announces Sale of Twenty-Three SANY Cranes Totaling Over US$6.6 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
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Source: Newsfilter
Sales Announcement: Multi Ways Holdings Limited reported the sale of 23 SANY cranes in 2024, generating SGD 8.9 million (US$6.6 million), highlighting strong demand for premium construction equipment and their partnership with SANY.
Company Overview: Multi Ways Holdings is a well-established supplier of heavy construction equipment in Singapore and surrounding regions, focusing on maintaining a modern fleet and offering comprehensive services to meet evolving market needs.
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About MWG
Multi Ways Holdings Limited is a holding company. The Company, through its subsidiaries, is primarily engaged in the sale and rental of heavy construction equipment in Singapore and the surrounding region. The Company offers a variety of new and used heavy construction equipment for sale and rental by its customers, ranging from earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators, and generators and compressors, such as air compressors, generators, lighting towers and welding machines. It also offers services to its customers, such as servicing and maintenance services for heavy construction equipment, and customization of heavy construction equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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