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The inauguration ceremony was held in the assembly plant in the eastern province of Setif, with the presence of Yuan Hongming, CEO of Shaanxi Automobile, and CEO of Mazouz Group, Ahmed Mazouz.

The increase in raw material prices is one of the biggest hurdles for truck industry wherein the soaring iron and steel prices are compelling the truck manufacturers to increase prices of their final product. The economically volatile environment and unstable crude oil prices are restraining fleet owners (the consumers for truck industry) to purchase new trucks.  Poor road infrastructure in the developing countries has been a prevailing challenge for the trucks manufacturing market which is making the trucking activities strenuous and prone to frequent breakdowns. The global heavy truck manufacturers have been increasing the number of their service stations in order to build customer relationships which are to a great degree dependent on servicing facilities provided by the companies. Â

The China-based company, which recently inked a deal with Tank-Weld (TW) to distribute its trucks in Jamaica, will be setting up offices in Six Miles, St Andrew, close to TW’s main offices, by end of April 2018. The company announced its decision to its partners early last week.

Analytical Research Cognizance shared “Heavy Machinery (Large Trucks) Market” report which Provides Key Manufacturers, Key Profiles, Strategies and Forecast Trends from 2019 to 2024

The worldwide market for Heavy Trucks is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new GIR (Global Info Research) study.

It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Scuba Diving Fins Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2018 – 2025.

"When we brought them in, we accelerated the test period over a short space of time. They were running up to three trips per day from Rio Bueno to Kingston and back with loads," he said.

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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Market Segment by Manufacturers, this report covers Daimler Trucks Volvo Paccar MAN Group Scania IVECO Oshkosh Hino Isuzu Navistar KAMAZ Rosenbauer Dongfeng SINOTRUK FAW Foton Shacman JAC Saic-Iveco Hongyan CAMC DAYUN BeiBen Trucks

"When China decided to up their game and make their name a little bit better regarding performance and quality, instead of reinventing the wheel, they went to Germany and negotiated with MAN and bought the entire contents of the factory, since that company was exiting that level of technology," he said.