Sinotruck signs contracts to export 10,000 vehicles next year

Shanghai. December 19 (Gasgoo.com) - China National Heavy Duty Truck Group Corp (CNHTC or Sinotruck) has signed contracts to export a total number of 10,000 units of heavy trucks in 2008, Xinhua News Agency reported.

 

Sinotruck has recently resigned a 7,600 heavy truck export agreement with Russia partner Likhachev-AMO ZIL.

 

Earlier this August Sinotruck signed a long-term export contract with Vietnam automaker TMT. Under the contract CNHTC will export at least 2,500 trucks annually to the country in cooperation with TMT.

 

TMT is the largest truck maker in Vietnam. Annual sales of the company were 10,000 units currently, with anticipated sales of 20,000 by 2008.

 

On December 7 Sinotruck reached a cooperation agreement with Russian largest heavy truck maker Likhachev-AMO ZIL. The two companies will form a 50-50 joint venture, HOWO-ZLL, which will assemble and sell Sinotruck-made HOWO heavy trucks. The joint venture is expected to be able to assemble 250,000 heavy trucks annually by 2012.

 

Founded in 1916, Likhachev-AMO ZIL is Russia’s largest heavy truck maker. It produces 3-8 ton trucks, pickups, minibuses and tourism buses, with annual output of 30,000 units.