Leading Chinese truck manufacturer Shacman is set to expand to a wider global market.
The company is gearing up to launch its brand in Panama for the first time and is continuing its growth in South America.
Shacman general manager for Latin America Xie Yan told Xinhua news the company attended the city’s recent heavy machinery expo as a first step.
“This fair is like a launching, an opening to show that Shacman trucks have arrived in Panama,” Yan says.
The company first entered the Latin American market in 2007 in Chile and Peru.
It now has a presence in Bolivia, Brazil, Ecuador and Colombia and sells around 600 heavy vehicles a year throughout the area.
The trucks are also sold in more than 90 regions including Africa, the Middle East, Southeast Asia, and Eastern Europe.
Shacman is a brand of Shaanxi Automobile Holding Group which is headquartered in the northwestern Chinese city of Xi’an.
It was founded in 1968 and employs around 32,000 people with over NZ$8 billion in total assets.
A recent Chinese commercial vehicle industry report says the country manufactures over three-and-a-half million trucks and buses annually with an increase of around 8% in 2016.
