Barbados-based businessman, Mark Maloney, has successfully secured another multimillion-dollar deal with a prominent global brand.
According to reports, Maloney’s company, Vision Equipment Supply Limited, recently entered into a substantial $20 million agreement with SANY, an internationally renowned heavy equipment manufacturer and the largest concrete equipment producer in the world.
The signing of this significant partnership earlier this month has opened up new avenues for business expansion, and Maloney himself expressed enthusiasm regarding the growth and development opportunities it brings.
In a joint statement issued by both companies, it was revealed, “Vision Equipment Supply Limited has now finalized an equipment purchase agreement with SANY, amounting to over US$20 million.”
This collaboration marks a pivotal moment for the English-speaking Caribbean countries, as SANY has chosen to partner with the Maloney Group, recognizing their dedication to growth, investment in human resources, and deployment of financial capital throughout the region.
SANY, equally excited about the prospects, stated that the partnership and collaboration will create “unlimited possibilities” for business expansion in the region while also enabling the provision of top-tier machines and comprehensive services to the end customer.
The headquarters of Maloney’s company, situated at Bushy Park, St Philip, boasts the capability to cater to the diverse needs of various industries, including construction, mining, port operations, agriculture, power generation, highway infrastructure, and transportation.
SANY’s extensive product range encompasses construction and mining equipment, port machinery, oil drilling machinery, and renewable wind energy systems. The company’s impressive annual sales and revenue exceed US$27 billion, solidifying its position as a global industry leader.
The recent deal between Mark Maloney’s Vision Equipment Supply Limited and SANY not only bolsters business prospects in the Caribbean region but also strengthens the reputation of both entities as prominent players in the global market.
The joint efforts are set to shape the future of heavy equipment supply and services, setting new benchmarks in the industry.
Notably, in May 2022, another notable venture by Mark Maloney’s business portfolio took shape when Universal Aviation, the worldwide Fixed-Based Operator (FBO) and ground support division of Universal Weather and Aviation, Inc., established a presence in Barbados. Their partnership existed through a joint venture agreement with Maloney’s M Jet Aviation Barbados at Grantley Adams International Airport (GAIA).
FBO is an aviation service provider that has been granted the right by an airport authority to operate within the airport and offer essential services to the general aviation community, including fuel, parking, and hangar facilities.
Anglina Byron, developed a deep-seated passion for journalism. Anglina is recognized for her tenacity, strength, and unwavering commitment to delivering honest and reliable news across the Caribbean. She covers general affairs of the region.