Sinotruck signs contract to export 2,000 trucks to Ethiopia

Shanghai. January 24 (Gasgoo.com) – China’s largest heavy truck maker, China National Heavy-duty Truck Corporation or Sinotruck signed a $130 million heavy truck export contract with North African country Ethiopia earlier this month.

 

Under the contract, Sinotruck will export 2,000 HOWO heavy-duty trucks to Ethiopia. The exports include 1,000 ten-tonnage automatic loading trucks and 1,000 forty-ton container truck trailers. The first 200 trucks will leave Chinese sea port in mid-February and arrive at Ethiopian port in March.

 

Sinotruck has established a complete after-sale service program in Ethiopia, which includes technician training, auto parts supply and maintenance services.

 

The Shandong-based truck-maker is China’s largest heavy truck maker, which holds 20.8 percent of China's heavy truck market year to date. In 2007 the truck maker has exported over 13,000 heavy trucks, leading China’s heavy truck exports for three consecutive years. By mid-December 2007, Sinotruck has produced and sold 100,000 heavy trucks in Chinese market.

 

On December 7 of 2007 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.