China’s Shiyan Yunlihong Industrial and Trade Company has made official the project to build a truck and light vehicles factory in the Brazilian state of Rio Grande do Sul, signing on Tuesday the respective protocol of intentions with the state’s government.
The 185-million-real investment will be made in Camaquã, following negotiations that included the cities of Santa Maria and Tapes. Plans call for Rio Grande do Sul to account for 20% of the factory’s sales and other Brazilian states for 60%, while the remaining 20% will be exported to Latin American and African countries.
The Chinese company’s president, Lian Bing Yun, said she expected it to be in conditions to operate in Brazil within 60 to 90 days and that the factory can be built in ten months on a 100-hectare property in that municipality in the southern part of the state.
“The forecast is that in a year and a half the factory can begin operations, initially producing 5,000 vehicles per year, with the target of 20,000 units in five years,” she said.
Shiyan Yunlihong Industrial and Trade Company is a subsidiary of the Dongfeng Motor Corporation, which produces light passenger vehicles, light and medium commercial vehicles, trucks, engines, vehicle bodies, tractors, tow-trucks and buses. In the first 11 months of 2011 it produced more than 2.7 million vehicles. (macauhub)