On Nov. 18, 2011, Sinotruk Qingdao Heavy Industries Co., Ltd. was officially put into operation. The company's leading products are special vehicles and engineering machinery. This marks that Sinotruk begins to enter the construction machinery field.
The production and sales volume of heavy-duty truck in 2010 is nearly 200,000. Relevant responsible person of Sinotruk said, "The domestic market of excavation, road building, and construction machinery field has great potential at present and the next period." The special vehicle and engineering machinery of Qingdao Heavy Industries are important sections of Sinotruk's development plan. They are an important support for Sinotruk to complete the development goals of 12th Five-Year Plan.
It is learned that 800 million yuan is invested in the first-stage project of Qingdao Heavy Industries. China National Heavy Duty Truck Group will further increase investment. The planned total investment is 2 billion yuan. The goal is to build Qingdao Heavy Industries into the largest R & D and production base for dedicated vehicles and special vehicles and into the first-class domestic construction machinery enterprise. When the project is completed, Qingdao Heavy Industries Co., Ltd. is supposed to produce and sell 40,000 special vehicles and 10,000 pieces of engineering equipment every year. The annual sales income can reach 10 billion yuan.