Chinese truck maker eyes expanding LatAm market | Shacman S2000 6×4 Truck Chassis

Goods from the European Union generally arrive via the Baltic ports, and international transport through Russia is often beset with bureaucratic difficulties. Russian trucks are hardly ever seen in Western European union states.

"We aim to truly revolutionise the trucking industry. Their strategic advantage comes from a decision to import a limited range of trucks suited to the Jamaican environment, and thus ensuring the capacity to stock an adequate supply of spare parts," added Ralston.

The Algerian government has been making an effort in recent years to boost the automotive industry to diversify its oil-dependent economy and reduce exorbitant car imports bill which hit 7.5 billion U.S. dollars in 2014.

Chinese makers have long coveted the Russian market and now FAW, CNHTC, Dong Feng, Shacman, Dayun and Foton all vie for a share of the action, with most targeted at the significant tipper and mixer market where Chinese chassis are said to be 30 per cent of the price of an ‘occidental’ truck. 

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"Our fleet had an average age of more than 18 years, and before September of 2017, Tank-Weld last purchased a new heavy-duty truck in 1973," he pointed out. "Buying used trucks with an excess of 500,000 miles was no longer an option for us."

In December, Tank-Weld representatives travelled to China, where they signed with Shacman as exclusive dealer in Jamaica and the rest of the Caribbean. The company also intends to replace its current fleet with Shacman units on a phased basis.

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Ralston also revealed that the majority of sales, to date, have gone to contractors in the mining and construction sectors, with some 72 dump trucks sold to those sectors. Container haulage, the food and beverage industry, and hardware stores and block makers, have also benefited from the affordability and reliability of the trucks.

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Heavy Machinery (Large Trucks) Industry research report is a meticulous investigation of current scenario of the market, which covers several market dynamics. The Europe Acrylate Monomer market research report is a resource, which provides current as well as upcoming technical and financial details of the industry. The thorough analysis in this report enables investors, CEOs, traders and suppliers to understand the market in a better way and based on that knowledge make well-informed decisions.