MA’ANSHAN, Anhui – Anhui Hualing Automobile Co., Ltd. (Hualing, also known as CAMC), a holding company of Anhui Xingma Auto Group (Xingma Group), initiated a heavy-duty truck project with an annual production capacity of 100,000 units on December 26, 2010 at Ma’anshan, an industrial city in Anhui Province, according to media sources.
As stated in its 12th Five-Year Plan (2011-2015), the company will invest ¥5 billion ($7.35 million) into construction of a heavy-duty truck manufacturing base which can churn out 100,000 units of heavy-duty trucks and 50,000 units of special-purpose vehicles annually in 2015. Output and sales revenues of Xingma Group will break ¥50 billion by then, realizing ¥5 billion in profit before tax.
It is reported that Hualing sold 31,000 units of heavy-duty trucks in 2010, rocketing 70 percent with production and sales revenues of ¥12 billion.
Wang Yan’an, director of marketing management of Xingma Group, announced at the company’s 40th anniversary on January 25 that while sustaining sales volume of 40,000 units and a year-on-year increase of 35 percent, Hualing will shoot at a sales goal of 50,000 units in 2011 with a growth of 65 percent. Of the 40,000 units, the volumes for tractors, trucks, dumping trucks and special-purpose vehicles are 10,000, 6,000, 12,000 and 12,000 units respectively.
Founded in 1970, Xingma Group is one of China’s key engineering vehicle manufacturers. The company possesses over 800 units of various production equipments and is capable of producing 5,000 units of various kinds of special-purpose vehicles a year. The cement trucks it made take up over 50 percent of the market share nationwide.