Sao Paulo, Brazil, 12 Sept – Chinese automotive company Foton Motors, one of the world’s largest truck manufacturers, plans to invest US$500 million in building a factory in Brazil, according to a report from newspaper Folha de São Paulo.
The newspaper said that the company’s officials at the beginning of last wee visited the state of Goiás, where they looked at potential locations for the factory, and that the state of Pernambuco was another potential location for the Chinese factory.
The factory is expected to start operating in 2014, and will initially focus its production on so-called light goods trucks of 3, 6 and 9 tons.
Founded in August, 1996 and based in Beijing, the Beiqi Foton Motor Co. Manufactures light and heavy goods vehicles, agricultural tractors and a variety of machinery. In 2010 is set up a partnership with Daimler AG to manufacture Auman branded trucks in China. (macauhub)