YaXing to build assembly plant in Tunisia

YangZhou YaXing Motor Coach Co., Ltd, has started its oversea expansion project after it has filed an application to Shanghai Stock Exchange to get re-listed in the stock market. YaXing aims to implement the project by two major stages. For the fist stage, it will export 300 buses to Tunisia in completely knock-down units. Then the company hopes to open an assembly plant at Tunisia locally.

Currently YaXing has signed sole agency agreement with customers from Russia, Malaysia, United Arab Emirates, Bahrain, Senegal and Chile. In addition, Yaxing extend its sales subsidiaries to 25 compared with the former 20, and twenty more service centers have also been set up based on its existing 208 operating centers.

In the first quarter of 2007, Yaxing sold a total of 846 buses, up 48% year on year; the bus company aims to turn a profit in its major business, targeting a sales of 900 million yuan with a volume of 4,000 bus units.

YaXing has become a mainstay company in the development of Yangzhou city and continually gained support from the local government.