Multi Ways Holdings Announces $5.4 Million Purchase of 21 SANY Cranes
Multi Ways Holdings (NYSE American: MWG) announced on October 27, 2025 that it placed orders for 21 SANY cranes for approximately S$7.0 million (US$5.4 million). The release says the majority of these units are already confirmed with customers in Singapore and that the purchase builds on Multi Ways' partnership with SANY.
The company stated the acquisition will expand its fleet to meet growing regional demand for heavy construction equipment and support ongoing infrastructure projects, emphasizing operational capability and customer service.
Multi Ways Holdings (NYSE American: MWG) ha annunciato il 27 ottobre 2025 di aver emesso ordini per 21 gru SANY per circa 7,0 milioni di S$ (5,4 milioni di USD). Il comunicato dichiara che la maggior parte di queste unità è già confermata dai clienti a Singapore e che l'acquisto amplia la partnership di Multi Ways con SANY.
L'azienda ha dichiarato che l'acquisizione estenderà la sua flotta per far fronte alla crescente domanda regionale di macchine movimento terra pesanti e per supportare i progetti infrastrutturali in corso, sottolineando la capacità operativa e il servizio al cliente.
Multi Ways Holdings (NYSE American: MWG) anunció el 27 de octubre de 2025 que realizó pedidos de 21 grúas SANY por aproximadamente 7,0 millones de S$ (5,4 millones de USD). El comunicado indica que la mayoría de estas unidades ya está confirmada con clientes en Singapur y que la compra se apoya en la asociación de Multi Ways con SANY.
La compañía afirmó que la adquisición ampliará su flota para satisfacer la creciente demanda regional de equipos de construcción pesados y apoyar los proyectos de infraestructura en curso, enfatizando la capacidad operativa y el servicio al cliente.
Multi Ways Holdings (NYSE American: MWG)가 2025년 10월 27일에 SANY 크레인 21대를 약 7.0백만 S$(미화 540만 달러)에 주문했다고 발표했습니다. 발표 자료에 따르면 이들 유닛의 대다수는 이미 싱가포르의 고객과 계약이 확인되었으며 이 구매가 SANY와의 협력을 바탕으로 이루어졌다고 합니다.
회사는 이 인수가 중동부 지역의 중장비에 대한 증가하는 수요를 충족하고 진행 중인 인프라 프로젝트를 지원하기 위해 함대를 확장할 것이며, 운영 능력과 고객 서비스를 강조했습니다.
Multi Ways Holdings (NYSE American: MWG) a annoncé le 27 octobre 2025 avoir passé des commandes pour 21 grues SANY pour environ 7,0 millions de S$ (5,4 millions USD). Le communiqué indique que la majorité de ces unités est déjà confirmée auprès de clients à Singapour et que l'achat s'appuie sur le partenariat de Multi Ways avec SANY.
La société a déclaré que l'acquisition étendra sa flotte pour répondre à la demande régionale croissante d'équipements lourds de construction et pour soutenir les projets d'infrastructure en cours, en mettant l'accent sur la capacité opérationnelle et le service client.
Multi Ways Holdings (NYSE American: MWG) gab am 27. Oktober 2025 bekannt, 21 SANY-Kräne im Wert von ca. 7,0 Mio. S$ (5,4 Mio. USD) bestellt zu haben. Der Bericht besagt, dass die Mehrzahl dieser Einheiten bereits bei Kunden in Singapur bestätigt ist und dass der Einkauf auf der Partnerschaft von Multi Ways mit SANY aufbaut.
Das Unternehmen erklärte, die Übernahme werde seine Flotte erweitern, um der wachsenden regionalen Nachfrage nach schweren Baugeräten gerecht zu werden und laufende Infrastrukturprojekte zu unterstützen, wobei operative Leistungsfähigkeit und Kundenservice betont werden.
Multi Ways Holdings (NYSE American: MWG) أعلنت في 27 أكتوبر 2025 عن طلب 21 رافعة ساني (SANY) بتكلفة تقريبيّة تبلغ 7.0 مليون دولار سنغافوري (5.4 مليون دولار أمريكي). ينص البيان على أن معظم هذه الوحدات قد تم تأكيدها مسبقاً مع عملاء في سنغافورة وأن الشراء يمثل استمراراً للشراكة بين Multi Ways وSANY.
وقالت الشركة إن الاستحواذ سيُوسع أسطولها لتلبية الطلب المتزايد إقليمياً على معدات البناء الثقيلة ولدعم مشاريع البنية التحتية الجارية، مع التأكيد على القدرة التشغيلية وخدمة العملاء.
Multi Ways Holdings (NYSE American: MWG) 于2025年10月27日宣布，已下达<对<20>21台SANY起重机的订单，总额约为700万新加坡元（540万美元）。新闻稿称，这些单位的大部分已与新加坡的客户确认，此次采购巩固了Multi Ways与SANY的合作关系。
公司表示，这笔收购将扩充其车队，以满足区域对重型建筑设备日增的需求，并支持正在进行的基础设施项目，强调运营能力和客户服务。
- Fleet expansion: 21 new SANY cranes ordered
- Confirmed demand: Majority of units pre-ordered by Singapore customers
- Transaction size: S$7.0 million (US$5.4 million) purchase
- Cash outflow: S$7.0 million procurement increases near-term capital spending
- Market concentration: Majority of confirmed orders are in Singapore
Insights
Purchase of 21 SANY cranes for
Multi Ways placed orders for 21 SANY cranes totaling approximately
The deal reinforces the existing partnership with SANY and directly ties to customer demand in the Singapore market. Key dependencies include delivery timing, commissioning of units, and the conversion of the remaining unconfirmed units into firm contracts; watch order fulfilment and customer acceptance over the next 90–180 days. Monitor announced delivery milestones and any statements about utilization or rental backlog for clarity on revenue recognition and fleet deployment.
SINGAPORE, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways,” the “Company” or the “Issuer”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, is pleased to announce it has placed additional new orders for 21 Sany cranes for approximately S
This deal builds on Multi Ways' existing partnership with SANY, the Chinese engineering giant and the world's third-largest heavy equipment manufacturer. This strategic acquisition will significantly enhance Multi Ways' fleet, enabling the Company to meet the growing demand for heavy construction equipment in the region.
Mr. James Lim, Chairman and CEO of Multi Ways, commented on the acquisition, “We are thrilled to solidify our partnership with SANY through this significant order. The addition of these 21 new cranes to our fleet is a direct response to the robust demand we are seeing in the Singaporean construction market and the broader region. With a majority of these new units already pre-ordered, it underscores the confidence our customers have in our ability to provide top-tier equipment for their critical infrastructure projects. This investment not only strengthens our market position but also ensures we continue to deliver the exceptional service and reliability our clients have come to expect.”
The procurement of these SANY cranes underscores Multi Ways Holdings' ongoing commitment to operational excellence, customer satisfaction, and strategic growth. The Company remains focused on providing innovative solutions and top-quality equipment to support the region's construction and infrastructure development.
About Multi Ways Holdings Limited
Multi Ways Holdings supplies a wide range of heavy construction equipment for sale and rental in Singapore and the surrounding region. With over two decades of experience in the sales and rental of heavy construction equipment, the Company is a widely established, reliable supplier of new and used heavy construction equipment to customers from Singapore, Australia, the UAE, the Maldives, Indonesia, and the Philippines. With our extensive inventory of heavy construction equipment and complementary refurbishment and cleaning services, Multi Ways is well-positioned to serve customers as a one-stop shop. For more information, visit www.multiwaysholdings.com.
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release, and other statements made from time to time by us or our representatives might not occur.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
Tan Cheon Kem
Financial Controller
Multi Ways Holdings Limited
Tel: +65 6287 5252 (ext 202)
Email: cktan@multiways.com.sg
FAQ
What did Multi Ways (MWG) announce on October 27, 2025 about new equipment purchases?
How much is Multi Ways (MWG) spending on the 21 SANY cranes announced October 27, 2025?
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