Manvol Machinery Limited
China National Heavy Duty Truck Group, also known as Sinotruk, achieved double-digit growth in exports last year, in contrast to the slump in sales for most truck manufacturers across China.
"Sinotruk's competitiveness in international markets is taking shape after years of development and sales of heavy-duty trucks in China have garnered strong support from overseas markets," said Ma Chunji, chairman of the Shandong-based company.
"The future of Sinotruk depends on how far it can go in implementing the internationalization strategy."
Chinese truck manufacturers, due to the sluggish global economic recovery and shrinking demand in the market, experienced a drop last year of 27 to 30 percent in sales from the previous year, with approximately 500,000 to 550,000 heavy-duty trucks sold.
Sinotruk, on the other hand, saw a 12.5-percent increase in complete vehicle exports and provided 31,000 trucks to foreign countries, making it the largest exporter of heavy trucks in China for 11 straight years, according to the General Administration of Customs.