Chunlan Group Plans to Manufacture Heavy Trucks
The Chunlan Group, one of China's largest home appliance
conglomerates, is planning to enter the market for heavy
trucks.
Chunlan, which is based in Taizhou, Jiangsu, has been
holding discussions with Hino of Japan, and Fiat of Italy
as possible joint venture partners. Sources say that discussions
have been secretly held for an extended period of time.
Chunlan is a state-owned enterprise, and is one of China's
fifty largest companies. It is organized into five divisions
which focus on electrical appliance manufacture and sales,
motorcycle and electric bikes, information technology,
trading and international cooperation and sales. It also
has its own research and development center.
Chunlan started as an air-conditioner manufacturer, and
then later extended into other appliances. Recently, electrical
home appliance manufacture and sales have become highly
competitive, which is why more home appliance companies
plan to extend their presence into the more profitable
heavy truck market. Lacking the experience in this field,
like Chunlan, they have looked for experienced foreign
partners to work with them in this field.
It is expected that Chunlan will announce a partnership
within two months.
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