Company Special: JMC to raise profile in African market
Updated: 2013-03-26 08:07
By Zhang Shiyi (China Daily)
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The facilities of Jiangling Motors Corporation Ltd in Nanchang. |
Leading domestic automaker group Jiangling Motors plans to boost its presence in African markets, company leaders said.
Established in 2009, its South African branch, Jiangling Motors South Africa (PTY) Ltd, is expected to increase the number of its dealerships in the country from 20 to 33 by the end of this year.
The company also aims to increase annual sales to between 1,000 to 2,000 units over the next one to two years.
It plans to become a base of operations for the group in the African market in future.
The South African firm, with a registered base capital totaling $600,000, is one of the 12 wholly owned overseas operation centers owned by Jiangling Motors Import and Export Co Ltd, JMIE for short.
JMIE started to research and venture into overseas markets in 1993, and in 1996, it set up its first operations center in Dubai and its first overseas distributor.
To date, it has exported over 85,000 completely built units to more than 110 countries and regions and has 79 distributors, 295 showrooms, 456 dealers and 379 workshops.
JMIE was established to deal with foreign markets for Jiangling Motors Corporation Ltd, JMC for short.
JMC is one of the biggest companies in China's commercial vehicle industry and has been one of China's top 100 listed companies for eight consecutive years.
JMC's whole vehicle sales volume reached 200,000 units in 2012.
Starting in 2005, JMC became an official supplier for the United Nations and has already provided more than 300 units to its branches around the world.
Parent group
Based in Nanchang, capital of East China's Jiangxi province, JMC's parent group, - Jiangling Motors Group Co, is a key enterprise in China's auto industry and also a national export base for complete vehicles.
In 2011, its sales revenue ranked 276th among the top 500 enterprises in China and 144th among the top 500 enterprises in the machinery industry.
With total assets worth $24.43 billion and net assets worth $9.96 billion, the group, possesses six assembly plants to manufacture auto parts, including auto engines, gearboxes, bodies, frames, front axles and rear axles, and it has the capacity to build 850,000 complete vehicles annually.
Jiangling Motors Import & Export Co Ltd
Add: 6/F Gloria Plaza Hotel, 88 Yanjiang Beilu, Nanchang, 330008, China
Tel: +86-791-86738769
Fax: +86-791-86738577
E-mail: sales@jmie.com.cn
Website: www.jmie.com.cn
zhangshiyi@chinadaily.com.cn
JMC's full lineup. JMC is one of the biggest companies in China's commercial vehicle industry. Photos Provided to China Daily |
(China Daily 03/26/2013 page5)
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