During the official visit of the Speaker of the Parliament, Uchral Nyam-Osor, to China, the Minister of Industry and Mineral Resources, Damdinyam Gongor, met with representatives of Sinotruck Group.
At the meeting, Sinotruck representatives expressed interest in opening a vehicle manufacturing plant in Mongolia. This information was reported by MiddleAsianNews.
The planned plant will focus on the local assembly of trucks and will concentrate on four main areas: logistics for the mining industry, transportation of agricultural products and livestock, cross-border freight transportation, and the development of urban infrastructures.
The main task of the company is to produce high-quality, frost-resistant trucks of medium and heavy load capacity, as well as specialized vehicles for the mining sector. This will also create over 200 jobs and contribute to the training of qualified specialists for the production and repair of trucks.
The parties also discussed opportunities for developing related sectors, including local logistics, maintenance and spare parts, as well as supporting the modernization of the manufacturing sector in Mongolia.
As a result of the meeting, an agreement was reached on joint actions to further explore the establishment of a company branch in Mongolia.
Sinotruk (Hong Kong) Limited, founded in 2007, is a Hong Kong truck manufacturer. Its subsidiaries produce vehicles in mainland China. The parent company, China National Heavy Duty Truck Group, also known as Sinotruk Group or CNHTC, is located in Jinan, Shandong Province.
