China's JAC to construct first overseas plant in Vietnam: report

2010-03-10 02:08:03 GMT2010-03-10 10:08:03 (Beijing Time) Xinhua English

BEIJING, March 10 (Xinhua) -- Anhui Jianghuai Automobile Co., Ltd. (JAC), an auto producer based in Hefei, will construct its first overseas plant to produce trucks in Vietnam in April, the China Daily reported Wednesday.

The plant, a joint venture with Vietnamese partners, will mainly produce medium- and light-duty trucks, the newspaper quoted Zuo Yan'an, chairman of the company, as saying.

Construction of the plant is part of the company's overseas development, said Zuo. The company plans to export 15 percent of its products to overseas markets by the end of China's 12th Five-Year Plan (2011-2015).

By that time the company's total output is expected to rise to 1 million vehicles, Zuo was quoted as saying.

JAC produced 322,000 automobiles last year, but with only 6 to 7 percent being exported to its main overseas markets in the Middle East, South America and Southeast Asia. The company plans to produce 400,000 autos this year, according to the newspaper.

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