* German truck maker MAN SE to set up assembly plant in Pakistan
--- German truck maker MAN SE is at an advanced stage of setting up a plant in Pakistan, industry officials say... Forecasting greater demand of heavy vehicles under the China-Pakistan Economic Corridor (CPEC), vehicle manufacturers are flocking to Pakistan to explore opportunities of investment with MAN SE being the latest addition to the growing list... MAN SE’s ownership rests with the Volkswagen Truck and Bus GmbH, a wholly-owned subsidiary of Volkswagen AG... Industry officials say this is a big development for Pakistan because the company is also expected to export trucks from the country...
(PHOTO: REUTERS - Company also expected to export trucks from country, say industry officials) -- Karachi, Pakistan - The Tribune, by Farhan Zaheer - March 2, 2017
** The China-Pakistan Economic Corridor, a magnet for truckmakers
... A greater number of trucks plying along the China-Pakistan Economic Corridor (CPEC) are likely to be Chinese as the country’s manufacturers aim to penetrate further and gain share in a market currently dominated by Japanese players... Pakistan produced a record 6,736 units of trucks and buses in fiscal year 2015-16. After a gap of over seven years, sales of trucks and buses have rebounded strongly due to a relative improvement in security and macroeconomic stability in the country... Assemblers of trucks and buses in Pakistan also give credit to the policies of current government which has supported local industry instead of importing new and used trucks... The CPEC is also expected to generate huge demand for trucks in Pakistan thus, creating opportunities for all companies from mid-tier to high-end categories...
(PHOTO: ATHAR KHAN/EXPRESS) -- Karachi, Pakistan - The Tribune, by Farhan Zaheer - March 6, 2017Labels: truckmakers news worldwide
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