Home
/ China News / News detail
Chinese automaker helps Jordan build first auto plant
Shanghai. February 3 (Gasgoo.com) – Prime Minister Nader Dahabi last Wednesday laid down the foundation stone for Jordan's first car manufacturing plant, a joint venture between Chinese automaker Hebei Zhongxing Automobile and a local company, Ayass Motors group, local news agency Petra-JNA reported last week.
The plant, being established by the Iyas Company for Manufacturing Automobiles, is situated 30 kilometres (km) south of the capital, Amman. The factory will produce a range of small and medium trucks, as well as the Grand Tiger pick-up and Landmark sports car under the Iyas Motors brand.
It will begin operations in 2008, with an initial capacity of 4,000-6,250 utilities a year, expected to rise eventually to 24,000 units, designed for Middle Eastern and Eastern European markets. Passenger cars will be added to the plant’s line up at a later stage, according to an earlier report on www.autoindustry.co.uk last year.
Around 25% of content will be sourced from Jordanian suppliers, the report said. Ayass Motors said the plant, south of Amman, will increase its capital to $50 million by the end of 2012, and ultimately, may receive investment of as much as $230 million. Jordan's Investment Promotion Corporation expects the venture to create more than 17,000 jobs.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
