| Truck manufacturer to assemble Chinese vehicles |
| 23 November 2009 | 19:48
| Source:
B92 |
BELGRADE --
The Priboj Automobile Factory (FAP) in southwestern Serbia has signed a memorandum of cooperation with the Chinese Dongfeng company.
 | The assembly line at FAP (Tanjug)
|
FAP and Dongfeng signed the agreement in Belgrade on Monday, according to which the Priboj factory will assemble Chinese trucks starting in 2010.
Economy Minister Mlađan Dinkić said that the memorandum specifies that four models will be produced in the first phase, though he did not mention how many trucks would be assembled in all.
The Serbian government will set aside up to EUR 1mn for the modernization of equipment in FAP during 2010, Dinkić said.
Dongfeng is one of the largest truck producers in the world and manufactures some 1.2 million vehicles annually.
|
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