by Staff Writers
Frankfurt (AFP) Nov 28, 2012
German truck giant MAN, a unit of Volkswagen, said on Wednesday it had signed a contract to deliver truck chassis to Sany Heavy Industries of China.
The value of the contract was not disclosed.
MAN and Sany "will step up their business relationship with regard to special-purpose vehicles ... with a view to strengthening their respective market positions in the construction-machinery sector," the German group said in a statement.
Sany is one of the world's leading manufacturers of construction machinery and specialises in concrete mixers and pumps.
Earlier this year, the Chinese group purchased the German concrete-pump manufacturer Putzmeister.
"We are proud that Sany has decided to equip its concrete pumps with robust and environmentally compatible chassis and engines from MAN," said MAN Truck and Bus marketing chief Frank Hiller.
The deal marked "a further milestone on the way to accessing the Chinese market but also to growth in the rest of Asia," Hiller said.
Car Technology at SpaceMart.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|