SHACMAN Industrial Park Starts Operation
On December 30, Shaanxi Automobile Group Co., Ltd. also known as SHACMAN, officially opened its new industrial park in Caijiapo town, Qishan county, Baoji.
On the same day, it signed strategic cooperation agreements with Sinopec Sales Co., Ltd. Shaanxi Branch, China Petroleum & Natural Gas Transport Co., Ltd. Shaanxi Changqing Branch, Tianjin Port Logistic Development Co., Ltd. and Shaanxi Environment Industrial Group.
According to SHACMAN, the new industrial park covers an area of 2,000 mu with a total investment of 1.5 billion RMB in the first phase of its construction.
In 2019, SHACMAN has further strengthened its efforts in research and development. It is estimated that the company’s production and sales volume in the whole year will both exceed 22,000 units, up by over 78% year on year. In addition, its business revenue is expected to stand at 6.2 billion RMB, up by 51% year on year.
In 2020, SHACMAN aims to increase both its production and sales volume to 40,000 units and further strengthen its overall competitiveness in the industry.
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