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The signing ceremony for Chinese and Indonesian companies as one of the Indonesian President’s visits to China was held on March 23 in Beijing. Sinotruk Group and Indonesia’s Indah Group signed a memorandum of cooperation on establishing a commercial vehicle assembly plant in Indonesia.
Liu Peimin, Chairman of China National Heavy Duty Truck Group Import & Export Corporation, signed the memorandum with the Honorary President of the Chinese Chamber of Commerce in Indonesia and Lin Xiuli, Chairman of the Yingda Group. Liu Peimin also attended the dialog between Indonesian President Sugalo and the president of the Chinese Indonesian company.
According to the memorandum, China National Heavy Duty Truck Group will cooperate with Yingda Company to establish a full range of commercial vehicle assembly plants such as heavy trucks and light trucks in the CNHTC brand in Indonesia.
Liu Peimin said that the external peripheral plant is China's heavy truck implementation of the strategy of going out and realize the important measures to truly enter the international market. China National Heavy Duty Truck sold up to 1,000 units in Indonesia this year. The establishment of a plant in Indonesia will help consolidate and expand CNHTC's local sales.
This year, China National Heavy Duty Truck Group's exports continued to show a good momentum. In the first quarter, over 10,000 export orders were received, a year-on-year increase of 50%.
China National Heavy Duty Truck plans to set up a commercial vehicle assembly plant in Indonesia