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Mar 27, 2012

TRUCKMAKERS NEWS * WORLDWIDE

* USA - Caterpillar invests $100 million for production base in Xuzhou

Peoria,ILL,USA -China Trucks, by Eric -26 March 2012: -- On March 21, Caterpillar, the largest engineering mechanism maker, declared their new investment plan to build production base in Xuzhou... The investment amount to 100,000,000 USD, and the factory will start to run in 2016, and CAT hydraumatic excavator production capacity will increase 80%... There over 300 Caterpillar products all over the world, and just a few of them entered in China... There are 17 factories of Carterpillar in China, and the production base in Xuzhou is their flagship plant...


* China - Sinotruk to set heavy and light trucks assembly plants in Indonesia

Jinan,Shandong,China -China Trucks, by Eric -26 March 2012: -- Signing ceremony of Sinotruk and Indonesia Yingda Group to build light and heavy truck plant in the Southeast country... This is an important for Sinotruk to enter overseas markets to set assembly plant in Indonesia, said Liu Peimin, President of Sinotruk Import and Export Company. And Sinotruk order will reach 1,000 units in Indonesia this year... Exports of Sinotruk trucks keeps increasing, and over 10,000 Sinotruk vehicles were sold in the first quarter, up 50%...


* China - Over half heavy truck makers deem that sales may decrease in March

Beijing,China -China Trucks, by Eric -26 March 2012: -- According to survey conducted by China Security News, about 30% of the interviewees think that sales of heavy trucks will increase in March, and 70% of them state that the sales will be similar to that of Feb. And 57% deem that sales will decrease 50%, 14% of them deem that sales will decrease 30% and 29% of them think that the sales will be similar to last year... Many interviewees find no clear recovering factors for heavy trucks, including gloomy real estate industry and logistics transport industry. However, an interview from Shanxi Province is optimistic about sales in March, and some one are expecting sales growth of excavators... Apart from investment factors, higher fees to hire heavy truck drivers and pending policies for limited loading get some heavy truck drivers hesitating on buying of heavy trucks...

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