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PKC Group Oyj and SINOTRUK Sign Cooperation Agreement Including Setting Up Joint Venture in China


Monday, 9 Sep 2013 01:25am EDT 

PKC Group Oyj announced that the Company has signed a framework agreement for strategic cooperation with China National Heavy Duty Truck Group Company Limited (SINOTRUK). Under the preliminary agreement, PKC and SINOTRUK intend to explore certain forms of cooperation in connection with the manufacturing of wiring systems, which include setting up a joint venture in China and signing a long term supply agreement subject to further negotiations. The joint venture would manufacture wiring systems for SINOTRUK and possibly also for other customers in China and abroad. SINOTRUK, founded in 1956 in Jinan, P.R. China, designs, develops, produces and sells a wide range of heavy duty trucks, special-purpose vehicles, buses, refitted vehicles, engines and their sets, parts and special type chassis. 

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