Carmaker to export equipment, trailers to North America

Jun 1st at 16:08
01-06-2019 16:08:12+07:00

Carmaker to export equipment, trailers to North America

The Truong Hai Automobile Company (Thaco) has signed an agreement with CEMEX, a Mexican multinational building material firm, and Green Trailer & Equipment Corp, a Texas-based sales company in the Over-The-Road trailer industry, to manufacture and export ready-mix-concrete equipment and semi-trailers to North America.

 

A representative of the automobile maker in Quang Nam Province said the first shipment of the ready-mix-concrete containers and semi-trailers (which will be installed on trucks) will be delivered to Mexico and North America next month.

Thaco said at least 1,000 pieces of equipment will be manufactured at the trailer and special vehicles factory in the Quang Nam-based Thaco-Chu Lai Mechanical Automotive industrial park.

In 2017 and 2018, Thaco exported more 100 semi-trailers to Columbia and other South American markets.

Columbia and South America have been major export markets for Thaco since 2016 when it debuted its special vehicle factory with a capacity of 5,000 products per year.

Thaco exports its locally manufactured cars and buses to Laos, Cambodia, Thailand, the Philippines and Myanmar, and accessories and spare parts to Korea, Malaysia, Russia and Kazakhstan.

The automobile maker acquired a 51 per cent share in Korean Soosung Motor Technology company to produce cranes, dumps, concrete mixer trucks and tankers in Korea in 2013.

Thaco has manufactured and distributed vehicles of foreign brands like Kia of South Korea, Mazda of Japan, BMW of Germany, and Peugeot of France.

bizhub



NEWS SAME CATEGORY

More supply chains to shift to Việt Nam, ASEAN

Southeast Asia, especially Viet Nam, can expect to see more supply chains coming its way if it improves production technology and capacity, as well as regional...

VN dairy industry remains on course for rapid growth: conference

The dairy industry's revenues grew at 12.7 per cent a year on average in 2010-18, and the momentum is expected to continue thanks to an increase in milk consumption...

Thai trade expo opens in Mekong Delta province

Up to 250 businesses from Viet Nam and Thailand are showcasing their products at a trade exhibition that opened in the Mekong Delta province of An Giang on Friday.

Legislators concerned by electricity monopoly

Lawmakers are unhappy that Vietnam’s monopoly electricity distributor is raising power tariffs at will because it has no competitor.

International milk, dairy exhibition opens in HCM City

The Vietnam International Milk and Dairy Products Exhibition opened in HCM City on May 30 with more than 200 booths set up by local and foreign companies.

Vietnam emerges as top electronics manufacturer: DBS Bank

Vietnam is poised to become a leading electronics powerhouse in the Association of Southeast Asian Nations, or ASEAN, in the coming years if it sustains its current...

Renewables rise to energy challenge

A big story in the Vietnamese energy sector is the rise of renewables, with the surge in wind and solar power deployment and the total number of registered...

FMCG sales in Vietnamese convenience stores grow strongly

As consumer demand for convenience soars across Southeast Asia, Vietnam saw strong growth of 13 per cent in Fast Moving Consumer Goods (FMCG) sales growth in...

Rubber group unveils sustainable development plan

The programme will focus on achieving FSC certificates and other sustainable forest management certificates in the shortest time, regeneration and planting of about...

Vietnamese dairy firm opens factory in Sweden

One of Vietnam’s leading dairy producers, together with two Swedish partners, put their joint venture, a milk factory in Sweden, into official operation on Monday.


MOST READ


Back To Top