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Sinotruk secures export orders for 14,000 trucks

 

JINAN, June 4 (Xinhua) -- China's largest heavy-duty truck maker, Sinotruk, is poised to maintain growth in its exports this year despite shrinking overseas demand due to the eurozone debt crisis, the company said on Tuesday.

The Jinan-based truck manufacturer has clinched export orders for more than 14,000 heavy-duty trucks so far this year.

The company said Southeast Asian countries have become a major export destination for its vehicles, while other overseas markets like Central Asia and Africa have all witnessed steady growth.

The company has just delivered the first batch of 300 HOWO-A7 type heavy-duty trucks to Hong Kong.

Ma Chunji, chairman of the board of Sinotruk, also said Sinotruk has started to make breakthroughs in Hong Kong, a market long dominated by European and Japanese truck makers, and one considered to have the world's most strict auto emission discharge standards.

The company owns the complete intellectual property right for the HOWO-A7 truck. The product entered markets in Brazil, Africa and West Asian countries in 2012.

Last year, Sinotruk exported 20,852 vehicles, up 56 percent from 2010. Its exports revenue rose 82 percent year on year to 610 million U.S. dollars in the year.

So far, the Hong Kong-listed company has established six overseas assembly plants with an annual capacity of 30,000 heavy-duty trucks.

 

 
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