China’s Zhengzhou Yutong Bus Co. Considering Production in Bulgaria
Chinese bus manufacturer Zhengzhou Yutong Bus Co. Ltd is considering the construction of a factory in Bulgaria, Sofia-based daily Dnevnik reported on Monday.
The Chinese company has entered the Bulgarian market with the supply of 110 urban buses for Sofia public transport company, to be delivered in September 2016, according to dnevnik.bg. It is already present in France, the UK, Iceland, Romania, Slovakia, Spain, Norway, the Czech Republic and Macedonia.
With its strategic location in Europe and its membership of the EU Bulgaria can become a doorway to Europe for Zhengzhou Yutong Bus, the company’s International Business Department Deputy Director, Kent Chang, has told Dnevnik.
"In view of the success we are having in Western Europe, we think about a plant on the territory of an EU country. We are aware of all the advantages of Bulgaria," Dnevnik quoted Kent Chang as saying.
No decision has been made yet, according to the Chinese company official. With many parts for their buses originating from suppliers in Europe, Zhengzhou Yutong was considering Bulgaria as one of the locations for its future factory, Kent Chang has told dnevnik.bg.
A new factory in Europe will also cut the time needed for the supply of parts, delivery of the company’s output to customers as well as after-sale service.
Zhengzhou Yutong Bus Co. Ltd sold 67 018 buses last year, which is 15% of world output.
The company specialized in the bus manufacturing business has more than 30,000 employees and operates production plants in 15 countries. It posted turnover of about EUR 6.6 B last year. The company’s product portfolio comprises buses of between 5 and 25 meters long which are exported to 130 countries.
Zhengzhou Yutong is among the largest 500 industrial companies in China. In addition to buses it produces construction machines, spare parts and components for the automotive industry. The group also operates in the real estate sector.
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