China National Heavy Duty Truck Group

China National Heavy Duty Truck Group Company Limited
中国重型汽车集团有限公司
State-owned enterprise
Industry Truck manufacturing and sales
Founded 1935
Headquarters Jinan, Shandong, China
Area served
 Worldwide
Key people
 Ma Chunji (Chairman)
Products Trucks
Owner State Council
Subsidiaries Sinotruk (Hong Kong) Limited (75%)
Website China National Heavy Duty Truck Group Company Limited

China National Heavy Duty Truck Group Company Limited (SZSE: 000951), CNHTC or Sinotruk Group is a Chinese state-owned truck manufacturer headquartered in Jinan, Shandong province.[1] It is currently the third largest truck manufacturer in Mainland China. It is famous for developing and manufacturing the first heavy duty truck - "Huanghe" (黄河, lit. Yellow River) JN150 in China.

CNHTC was founded in 1935 by Kuomintang Government of the Republic of China era on the basis of Jinan Automobile Works. It started developing heavy-duty trucks in 1956. Since the reform and restructure in 2001, the company has got rid of the operating losses for previous years.

Its Hong Kong-based subsidiary company, Sinotruk (Hong Kong), was listed on the Hong Kong Stock Exchange in 2007.[2]

With strong presence in South America, in countries such as Venezuela, Colombia, Peru, Chile, Uruguay and Paraguay, Sinotruk came to Brazil due to the union of a group of businessmen with extensive experience in the transportation industry. With a great sales expectations Sinotruk has sold 2,000 vehicles thus far.

With the success seen in the first years of operation of the brand in Brazil, in 2013 Sinotruk to begin deployment of the first plant outside China, which should be installed in Lages, Brazil with an initial investment of more than 300 million dollars.

Sinotruk also produces trucks in Pakistan through a joint venture with Dysin Automobiles.[3]

References

  1. ↑ "Introduction CNHTC." China National Heavy Duty Truck Group. Retrieved on July 8, 2010. "The headquarters of China National Heavy Duty Truck Group Co., Ltd. (CNHTC) is located in Jinan city, Shandong Province, P. R. China."
  2. ↑ Profile of China National Heavy Duty Truck Group Company Limited
  3. ↑ http://www.dysin.com.pk/

External links

This article is issued from Wikipedia - version of the Saturday, April 09, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.