Monday, December 22, 2008

Sinotruk to see '08 sales revenue up by 30

Sinotruk, China's largest heavy truck maker, expected to have sales revenue increase by 30% year on year to 50 billion($7.32 billion) yuan in 2008 despite the industry decline, China Securities reported, citing Ma Chunji, director of Sinotruk.

Ma Chunji announced in the 2009 business conference of Sinotruk that the heavy truck giant would produce and sell over 112,000 heavy-duty trucks and manufacture 128,000 engines for the whole 2008.

Though faced with an unprecedented global financial crisis, Sinatruk will still make efforts to produce and sell 125,000 heavy-duty trucks and export 20,000 completed trucks or even 25,000 units in 2009, a definite increase from 2008, Ma said. Sinotruk aims to increase its market share by 3%-5%, according to Ma.

Ma disclosed that the heavy truck maker will focus on its sales system construction next year in response to the crisis. It is seeking to expand contact and cooperation with big logistic companies both in and outside China. Other positive business policies will also be in place for market exploration, he said.

Also at the conference, Sinotruk launched its top level HOWO¡ªA7 series, 2009 new products and in-house developed AMT, which reportedly can save 3%-10% more fuel than MT.

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