German MAN boosts production capacity in Brazil and is optimistic about the Chinese market
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January 21 news, according to foreign media reports, in order to meet the rapidly growing market demand, the world's third-largest truck manufacturer German MAN (MAN) announced that it will increase the capacity of the Brazilian factory, and will expand the market including China Global capacity and sales in emerging markets. Man's move once again shows that the economy of the world's largest developing country is rapidly recovering.
President of MAN Latin America region Anthony Robert Gedi Si (Antonio Roberto Cortes) said it would be the third time the transformation of the company's production capacity Resende plant in Rio de Janeiro, Brazil.
The capacity transformation introduced this time is expected to increase the production capacity of the Resende plant from 50,000 vehicles to 72,000 vehicles per year. This will create an additional 700 jobs based on the company’s existing 4,700 jobs.
In December 2009, driven by the government’s truck and bus policy incentives and the growth in demand in the Brazilian market, German Man reported a record high truck sales. Geddes said that Brazil has already left behind the international economic crisis and this year the Brazilian economy will continue to grow. We are confident that the economies of other Latin American countries will also grow further. The Brazilian economy has entered a V-shaped recovery. This year's truck sales will rebound to 2008 levels.
Gordish also said: "I think BRIC (BRIC refers to the fastest growing countries in the world Brazil, Russia, India and China), or at least BIC (in view of Russia's economy is still struggling) the pace of economic recovery to be Faster than other countries in the world, we will continue to expand production capacity and sales in emerging markets represented by Brazil, Russia, India and China.
According to statistics, in 2009, affected by the global economic recession, the global truck market was in a weak state. In some parts of the world in 2009, such as Europe, truck sales dropped by 50%. But also in 2009, China's truck market showed growth - a growth rate of 15%. In Latin America, the largest truck market in Brazil, truck sales have fallen by 10%.
Recently, with the emergence of signs of a recovery in demand, the mood of the global truck industry has undergone subtle improvements. Daimler, the world’s largest truck manufacturer, saw a slight increase in sales from October to November 2009. However, in November 2009, Daimler’s truck sales decreased by 36% compared to last year.
Andreas Renschler, president of Daimler Trucks and Buses, said: From our order, at least, the market recovery in some parts of the world has started.
Manufacturers of trucks, including Daimler and Germany Man, seized the opportunity for market recovery by expanding into BRIC countries during the economic crisis last year.
In the past few years, German Mann has made great efforts to enter the emerging markets. These efforts included the acquisition of a 25% stake in China’s largest truck manufacturer, the acquisition of Brazil’s largest truck manufacturer, and the establishment of a joint venture in India. German Mann paid $1.4 billion to Volkswagen’s heavy-duty truck business in Latin America to establish its leading position in the Latin American market.