Sinotruk invests 200 million Euros to Mianyang SPV converted program
(chinatrucks.com, August 27, 2010) Sinotruk is to strengthen the invest in South West area after it has signed the program of commercial vehicle production base with 400,000 capacity with Chengdu Wangpai.
It is disclosed by Sinotruk website that Sinotruk is to sign the agreement with Sichuan government on August 24th , 2010. It decides to invest 200 million Euros for Mianyang SPV converted base invested last year. It is one important step to further expand South West market.
Mianyang increase invested program is located at Mianyang high tech auto and parts and components industrious park. It is to get 1000 new area. The program will realize 40,000 production capacities after it is completed, and it will reach 600 million Euros in two years.
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