On November 4th, the signing ceremony of strategic cooperation agreement between Sinotruk and German Continental Group was held in Jinneng Village, Jinan. Zhang Jianguo, Mayor of Jinan City, Ma Chunji, Chairman of Sinotruk Group, Cai Dong, President of Sinotruk, and Commercial Vehicle of German Continental Group The company president, Eisenhardt, attended the signing ceremony. At this point, the Continental Group's commercial vehicle auto parts project officially settled in Jinan.
The mayor of Jinan City, Zhang Jianguo, extended a warm welcome to the distinguished guests attending the signing ceremony on behalf of the Jinan Municipal People's Government and expressed his warm congratulations on the achievements of the cooperation between the two parties.
At the signing ceremony, China National Heavy Duty Truck President Cai Dong expressed his gratitude to Mr. Eisenhardt for his enthusiastic evaluation of Sinotruk as the best partner that Continental Group has found. It is hoped that this cooperation model will accompany both parties toward the future.
Continental Group is a global company that has grown rapidly relying on its market and technology leadership strategy. In 2007 it had a turnover of 25 billion Euros. It is one of the top 100 companies in the world, and it is also very famous in the automotive industry and has a very rich product line. Component suppliers, the world's second-largest automotive supplier in the commercial vehicle sector. At the same time, the company is also a major innovator in the industry. Its technology ranks among the top three in the world in most fields and has a pivotal position in the global auto parts industry.
China National Heavy Duty Truck Group is the cradle of China's heavy-duty auto industry. China’s first heavy-duty vehicle was born. The Group’s production and operations have achieved rapid development in recent years. In January-October 2008, 100,000 heavy-duty trucks were sold. With sales of 120,000 heavy trucks, it is expected to continue to maintain the top position in the domestic heavy truck industry. In overseas markets, we have also achieved remarkable sales performance. The heavy truck export volume ranks first in the domestic industry for the third consecutive year.
The business contacts between Sinotruk and German Continental Group began in 2005 and both sides have a good basis for cooperation. In May this year, Mayor Zhang Jianguo took Jinan Economic and Trade Delegation to visit the Continental Group and worked hard to promote the business cooperation between Sinotruk and German Continental Group to achieve mutual complementarity and mutual benefit. Since then, the senior officials of the two parties and various system personnel have completed work on cooperation agreements and negotiations in just over two months.
The mayor of Jinan City, Zhang Jianguo, sincerely met with Mr. Eisenhardt, President of the Commercial Vehicle Company of the Continental Group of Germany, and expressed sincerely that the Jinan Municipal Government has been committed to promoting such well-known overseas companies as the German Continental Group to settle in Jinan, and is willing to be a foreign company. Provide all kinds of convenient conditions, create and improve a more satisfactory investment environment and working conditions, so that every foreign-funded enterprise settled in Jinan can achieve a good operating performance. Finally, Mayor Zhang Jianguo also sincerely hopes that the cooperation projects between the two sides will further develop into a wider area.
On the same day, Eisenhardt and his party also visited the production line of Sinotruk Commercial Vehicle Company.
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