Hengtian Group Restructures Hubei Xinchufeng Automobile
2011-06-15 Source：www.chinabuses.org
www.chinabuses.org: It is known from the website of SASAC ( State-owned Assets Supervision and Administration Commission ) on 7 June 2011, the inauguration ceremony for the production of assembly lines of Hengtian Automobile Holding Company Limited (Hengtian Auto for short) was held in Suizhou, Hubei Province. Phase One refers to the assembly lines with the annual output of 15000 chassis, test lines, special plant covering 23000 square meters and comprehensive supporting facilities. It plans to win the sales revenue of 400 million Yuan RMB in 2011.
Hengtian Auto inherits the qualification of Hubei Xinchufeng Automobile Co., Ltd for the manufacturing of complete vehicles, chassis, buses and special vehicles, which was founded in 2007 and owned the brand of “Chufeng” for the wide range of products.
It is known that Phase Tow is going to build the production line with the annual output of 5000 medium and high class buses. Phase Three is about to make the base of high-class heavy duty trucks, core components and the comprehensive logistic system. It is planned to get the sales scale of over 8 billion Yuan in five years.
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