Chinese group Shaanxi Heavy Duty Automobile Import & Export Co. (Shacman) plans to invest 400 million reals (US$200 million) in building a factory in Brazil to manufacture heavy and ultra-heavy goods vehicles, the Estado de Sao Paulo newspaper reported Tuesday.
According to the newspaper, the new factory is expected to be built in the city of Tatuí, in the interior of the state of Sao Paulo and will have capacity to produce 10,000 units per year.
The Brazilian unit of the Chinese group is expected to start operating in mid 2014 and its owners will be Brazilian company Metro Shacman and the Chinese group itself.
Metro Shacman, which was founded in 2010, has its headquarters in the city of Boituva, in Sao Paulo state, and imports and sells Shacman trucks across the whole of Brazil and the Mercosur countries (Argentina, Paraguay, Bolivia and Uruguay). (macauhub)