Sinotruk: To let Weichai Singapore company become a Southeast Asian financial and trade settlement center

News, 2023-7-22

On the morning of July 20, SinotruK leaders paid a visit to Xu Fangda, Minister of Transport of Singapore, Senior Minister of Political Affairs of the Ministry of Finance and Chairman of the Singapore Economic and Trade Council of Shandong, and conducted in-depth exchanges on the space of international financial and trade cooperation. In the afternoon, SinotruK leaders paid a visit to Huang Mingnan, Deputy Director of the Singapore Economic Development Board, and the two sides had in-depth discussions on the establishment of a Southeast Asian financial trade settlement center in Singapore by Shandong Heavy Industry Group.


On July 21, Sinotruk leaders visited Weichai Singapore Company for research, talked with local employees, listened to the work report of the Singapore company, clarified the direction of Weichai's expansion of data center energy and power business in Southeast Asia, and proposed that Shandong Heavy Industry Group should set up a financial and trade settlement center in Singapore. After that, SinotruK leaders visited the new office address of Weichai Singapore Company and asked the Singapore-based business personnel of Shandong Heavy Industry Group to concentrate on office work, overall management, and jointly explore the Southeast Asian market.

On July 22, SinotruK leaders went to Penang, Malaysia for research and had an in-depth discussion with Fengcheng Group on further promoting cooperation between Weichai Marine and power generation, SinotruK and Shaanxi Automobile heavy Trucks.

Sinotruk leaders said that we will fully rely on local advantages, with Malaysia as the center, facing the Southeast Asian market, establish a modern spare parts inventory center and training center with efficient operation, and continue to improve the service level. We hope to cooperate with Fengcheng Group to promote the integrated sales of heavy trucks, mining cards, construction machinery and other products, play a good combination of fists, and constantly expand market share.

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