“A decision on the creation of the Russian-Chinese joint venture in Komsomolsk-on-Amur that will build a plant for the assembly of vehicles using SINOTRUK components and technology at the sites of the Territories of Advanced Economic Development in Komsomolsk,” said Anton Arbuzov, Head of the Komsomolsk-on-Amur Investment and Development Agency.
16 April 2016
Chinese investors and Khabarovsk companies signed a series of agreements at the 2nd China-Russia Expo, which, in particular, involve the construction of a plant for the assembly of HOWO vehicles and a plant for the production of equipment for thermal power plants within the Komsomolsk Territory of Advanced Social and Economic Development," communicated the government of the Khabarovsk Krai.
As part of the Khabarovsk Krai Days at Expo in Harbin, a presentation of investment opportunities of the region and the exchange of business contacts took place.
"The ceremony of signing of two agreements and one export contract between Khabarovsk and Chinese companies was held. Corresponding agreements were reached by the businessmen during the first and the second Expo in Harbin. Thus, an agreement on cooperation and partnership between Far Eastern Construction Company LLC, China National Heavy Duty Truck Group (Sinotruk) and Heilongjiang province Golden Sea Investment Group was signed," reads the statement.
The parties agreed on the establishment of service and dealer service centres for HOWO brand vehicles in the cities of the Far East, as well as the construction of a factory for the assembly of HOWO vehicles within the Komsomolsk Territory of Advanced Social and Economic Development.
Another agreement was signed by the heads of Far East Road Construction Company and Aozhuy Syda Jiamusi Scientific And Technical Company for Mining Equipment. The companies agreed to build a plant for the production of high pressure hoses and fittings within the Komsomolsk Territory of Advanced Social and Economic Development.
In addition, the agreement provides for the design and supply of thermal power plants producing electricity based on the principle of gasification of low-calorie brown coal mined from the fields located in the Khabarovsk Krai.
Additionally, an export contract for the supply of 5,000 cubic meters of semi-finished products for the manufacture of peat humic fertilizers was signed within the framework of Khabarovsk Krai Days. Agreements were reached between the Bioteks Agro company and Heilongjiang Province Science and Technology Joint Stock Company Biotech.
The main types of products manufactured by SINOTRUK company are heavy dump trucks and tractors, construction machinery, buses, light trucks, as well as their main parts: chassis, cabins, frames, diesel engines, transmissions, axles, gearboxes, etc. The products are manufactured under the brand series of SITRAK, HOWO-A7, HOWO, STEYRKING, STEYR, HAOYUN, HAOHAN, HOVA, WERO, GOLDENPRINCE, HOKAH7, Huanghe. The products are supplied to the Chinese marked under the brand name of 中国重汽.