São Paulo, Brazil, 27 Oct – The chief executive of China’s Sinotruk group, Cai Dong, has announced that the group plans to build a heavy truck factory in Brazil and that talks are under way with the federal government and authorities in Paraná state.
The Brazilian press reported that Cai Dong made his comments on Tuesday in the scope of the São Paulo International Transport Fair (Fenatran). He said he could not provide project details such as the investment amount and number of jobs to be created, as they depend on the eventual agreement with the federal government, as in similar negotiations with Germany’s BMW group and China’s JAC Motors.
The Secretary for Industry, Trade and Mercosul Affairs, Ricardo Barros, confirmed that Paraná is negotiating with the Chinese group and that he met with Sinotruk representatives last Sunday at the company’s offices in Campina Grande do Sul in the Curitiba metropolitan region.
Sinotruk, known as CNHTC (China National Heavy Duty Truck Group Corporation), was founded in China in 1935. In 2009 it signed a strategic and technological partnership agreement with the German MAN group, which took on a 25 percent stake in the Chinese group.
The company already has a distribution centre in Campina Grande do Sul, where it stores parts for the Howo model it has imported since April 2010. (macauhub)