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          Shanghai Pangyuan Machinery Rental Co., Ltd. (hereinafter referred to as “PY RENTAL”) was established in 2001 with a registered capital of RMB 608 million. It specializes in leasing, installing, disassembling and maintaining engineering machinery and equipment needed for national and local key infrastructure construction such as construction engineering, energy engineering and traffic engineering. It is a one-stop comprehensive engineering and technical solution provider for large-scale construction machinery and equipment in China from entering the site for installation, on-site operation, equipment maintenance to dismantling and leaving the site. It has the qualifications of “Class-A license for installation, renovation and maintenance of special equipment” and “level I qualification for professional contracting (including level III qualification for mechanical and electrical) for hoisting equipment installation project. The company’s headquarters is registered in Qingpu District, Shanghai, and located at No. 2018 of North Lucai Road, Qingpu District. It has 18 wholly-owned subsidiaries and 2 overseas companies in Shanghai, Beijing, Guangzhou, Wuhan, Nanjing, Nantong, Hangzhou, Haikou, Fuzhou, Zhengzhou, Chengdu, Guiyang, Jinan, Urumqi, Changsha, Anhui, Malaysia, Philippines, etc.
         In July 2015, PY RENTAL and Shaanxi Construction Machinery Co., Ltd. (stock code: 600984 construction machinery) of SASAC Shaanxi Coal and Chemical Industry Group reorganized their major assets successfully and became a wholly-owned subsidiary of Shaanxi Construction Machinery Co., Ltd.
          Since its establishment, the company has adhered to the corporate values of “gratitude, honesty, professional and dedication” and focused on the leasing industry of engineering machinery, giving full play to its own advantages and seizing the great opportunity and innovative development of China’s rapid economic development. In the past ten more years, as of July 1, 2017, the company’s total asset value has reached RMB 3.89 billion. The company has 3,008 sets of tower cranes of various types (24 sets of crawler type cranes with a total rated lifting capacity of 4,230 tons), 807 sets of construction elevators and 11 sets of bridge erecting machines, of which the total lifting torque of tower cranes reaches 630,000 t·m.
         In 2016, PY RENTAL was listed as the world’s No. 72 by International Hoisting and Transportation Machinery, which is recognized as the authoritative magazine in the field of international hoisting and transportation. It has become the leading enterprise in China’s hoisting machinery leasing industry.
         PY RENTAL’s business covers the whole country and Europe and Asia. It has participated in a series of international and domestic landmark project construction including the Bird’s Nest Olympic stadium, the reconstruction project of the National Museum, the construction of CCTV’s new site, the China Water Conservancy Museum, the Shanghai World Financial Center, the construction of the Theme Pavilion and Sun Valley of Shanghai world Expo, Guangzhou Television Station, Sightseeing Tower of Hangzhou Bay Bridge, Zhejiang Beilun Power Plant, Xinjiang Exhibition Center, Shanghai Deep Hole Hotel, Yellowstone Edong Yangtze River Bridge, Chongqing Chaotianmen Yangtze River Bridge, the Third and the Fourth Nanjing Yangtze River Bridge, Hong Kong-Zhuhai-Macao Bridge, Fujian Pingtan Bridge, Qinghai-Tibet Railway, Tibet Lhasa Paradise intercontinental hotel, etc.
          PY RENTAL is the vice-chairman unit of Engineering Machinery Leasing Branch of China Construction Machinery Industry Association, and is recognized as one of the “Shanghai High-Tech Enterprises”. From 2010 to 2016, the company was awarded the title of “Shanghai advanced enterprise in safe production of construction machinery”, “construction machinery leasing brand (tower crane)” and “top 50 enterprises in the national construction machinery leasing industry”, “national excellent service unit with guaranteed quality and reputation”, “the 11th, 12th and 13th national construction enterprises”, “excellent unit in management of construction machinery leasing equipment”, “praise unit for installation quality of hoisting equipment”, “top 10 most competitive brands in the construction machinery leasing industry (Shanghai Pangyuan and PY RENTAL)” and so on. All of these honors have witnessed PY RENTAL’s growing industry dominance and strong development potential.
          The leasing business of construction engineering machinery faces many different projects and complex and diverse environments, the construction technical scheme and safety measures of the machinery and equipment used have their own characteristics. PY RENTAL pays great attention to technological innovation in its many years of technical service and has accumulated rich experience in the installation, dismantling, maintenance and standardized operation of special construction equipment. At present, it has 196 patents, of which 9 are patent for inventions. The enterprise is also actively committed to the standardization of the industry, and has participated in the compilation of four industry standards, including Tower Crane Safety Assessment Regulation, Construction Elevator Safety Assessment Regulation and Safety Monitoring System Of Tower Crane, through which having contributed to the promotion of the standardization process of the industry.
          PY RENTAL will surely become a leader in the global engineering machinery leasing industry.
          For more details, please refer to http://www.pangyuan.com/
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