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Nov 4, 2013

TRUCKMAKERS NEWS * WORLDWIDE - China's truck plant in Pakistan

* Pakistan - China to set up new truck plant at Taxila

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Islamabad,Pakistan -Press Trust of India -November 1, 2013: -- Pakistani and Chinese military-run firms today signed a joint venture agreement for setting up a truck assembly plant that is likely to start production within a year... The National Logistics Cell and Heavy Industries Taxila (HIT) of Pakistan finalised the deal with China North Industries Corporation Limited (NORINCO). The plant will be set up at the HIT complex in Taxila, located a short distance from Islamabad... Officials said the plant, expected to start production within a year, will initially assemble 300 Euro-compliant trucks and prime movers. Production can be scaled up in line with market demands... The trucks will be assembled by the joint private limited company PAKNOR and sold under the brand name Power Star...

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