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China’s HOYO-SHK To Invest EUR20M In Tractor Factory C Romania

HOYO-SHK Modern Agricultural Equipment, the representative of China's Shantuo Agricultural Machinery Equipment in Europe, will invest $20 million in a low-power tractors assembling factory in the central town of Brasov.
China’s HOYO-SHK To Invest EUR20M In Tractor Factory C Romania
17 nov. 2008, 17:27, English

HOYO-SHK Modern Agricultural Equipment eyes an output of 100,000 tractors between 2009 and 2012, the representative of the company’s consultants, Ionel Blanculescu, said Monday.
 
The company will operate on an industrial platform of 50,000 square meters to be opened early 2009. The kits for the tractors will come from China.
 
The factory will work with 150 employees in a first stage, and aims reaching up to 500 employees upon its expansion.
 
Blanculescu added the factory will target 20-30 horsepower tractors as 65% of the tractors on the Romanian market have over 65 HP.
 
HOYO-SHK Modern Agricultural Equipment Co Ltd. China is the sole agent of Shantuo Agricultural Machinery Equipment Co. Ltd. to Europe. Shantuo is a company specialized in the manufacturing of medium and large sized tractors in China, with exports to over 60 countries, including Canada, Russia, and USA.