Foton\’s special auto program settled in Weifang, Shandong (2005-9-12)

Foton Heavy Industry and Kuiwen Area held a signatory ceremony on securing cooperation in Kuiwen Area. Wang Yuanbang, the member of the standing committee of Weifang and the Secretary of Kuiwen Area and Wang Jinfu, the General Manager of Foton Heavy Industry attended the signatory ceremony. Recently, the business of Weifang vehicle plant got quickly development, of which Five-star Triwheeled Auto shares increasingly market.

To further expand business scale, according to Foton\’s stratigic planning, new mobile crane program will put in Kuiwen Area with totally RMB300 million investment on it. Be completed and put into production in 2006, and predicted sales RMB4 billion in 2010 while Foton\’s mobile crane will lead this industry.