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New heavy duty trucks expected to build capacity | News | Shacman S2000 6×4 Truck Chassis

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Recognising the deficiency of opportunities for financing, Tank-Weld partnered with JN Bank to provide a commercial loan for local haulage contractors to finance the purchasing of the heavy-duty vehicles.

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ALGIERS, May 9 (Xinhua) — China’s truck manufacturer Shaanxi Automobile Group on Tuesday inaugurated its first assembly plant in Algeria, as part of a joint venture with its Algerian partner Mazouz Trade Group.

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For his part, Mazouz stressed that "the assembly plant has been established thanks to the Algerian government’s encouragement to local operators to contribute to the diversification of national economy."

Tank-Weld (TW), a nearly 50-year-old heavy-duty equipment company, says it was observing Shacman trucks in Jamaica for several years before inking a deal with the company in January of this year.

Japanese presence is maintained by Hino and Isuzu although second-hand Mitsubishis are commonly imported while the Korean Daewoo and Hyundai are represented by the European–styled Prima and Xcient models, respectively. 

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SM Jasim Uddin Swapan, general manager of Motor Vehicle Division of Energpac Power Generation Ltd, said with growing Bangladesh’s economic development, the demand for big cars is also increasing in the country.

Ralston said sales are expected to continue to grow in 2019 as awareness of the SHACMAN brand increases. Currently, there are approximately 100 additional trucks in production and en route to Jamaica.

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The company also signed contracts with foreign operators from Tunisia, Egypt and Mali, where Shacman trucks assembled in Algeria would be exported.


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