MAN buys monolithic refractories EUR560m stake in Sinotruk
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MAN buys EUR560m stake in SinotrukPublished: 19 Jul 2009 19:31:34 PSTShanghai, July 17 (Gasgoo.com) German truck maker and engineering company MAN SE said Wednesday that it would pay EUR560m for a 25 per cent stake in Sinotruk, China’s largest manufacturer of heavy trucks, in a deal for the two parties to jointly tap into emerging export markets. Through the deal MAN will become the company’s second-biggest shareholder in Sinotruck, next to its parent China National Heavy Duty Truck Corp, which holding 51%. Sinotruk aimed to produce the new trucks using MAN technology that the German company license to it within the next two to three years, said MAN CEO Hakan Samuelsson. He added that the trucks would be targeted for export to markets including Brazil, Russia, Africa and India. Full Story减速机 passenger elevator 短信群发 港澳游 弹簧 kitchen cabinets on sale kitchen cabinets wholesale 翻译公司 現金化