Dar es Salaam - China truck manufacturer Sinotruk International will invest at least $20 million (about Sh46 billion) in a complete knock-down (CKD) assembly plant in Tanzania this year.
A knock-down kit is a collection of parts required to assemble a product. The parts are typically manufactured in one country or region, then exported to another country or region for final assembly.
Sinotruk International country manager Li Zhongyuan said recently that the investment will promote the growth of the transport and logistics industry in Tanzania. “We will always remain committed to satisfying our customers. Our core goal is to provide Tanzania with high-quality products and services and jointly create a bright future,” he noted.
He was speaking in Dar es Salaam during a brief ceremony where Sinotruk handed over 100 heavy-duty unit trucks to GSM Tanzania through its transportation company, Galco.
Mr Zhongyuan said upon completion of the planned assembly facility, the company will generate at least 500 jobs for Tanzanians and promote the auto industry development of Tanzania.
Locally, Sinotruk has already established long-term relationships with such famous companies as GSM, Dangote, Oilcom (T) Limited, Tanzania Road Haulage (1980) Limited, Golden Coach/Fleet Ltd, Asas, Azam, Mount Meru.
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