Samcorp's Sinomaq selling Chinese tractors

As part of its diversification, Grupo Samcorp, made up of 15 firms linked in the main to the hostelry and entertainment sectors, has entered into the area of Chinese capital-goods sales via its firm Sinomaq.

It has announced the news that it has been made the official distributor of Chinese tractor brand YTO whilst Pedro Aguado, general director of the firm, says that Sinomaq will also sell YTO mining and construction-sector machinery, XTMG industrial machinery and HGVs in association with FAW. The firm has invested US$7mil in this new venture and hopes to post year-2009 revenues of US$20mil (a total it would look to double in 2010).

Publication: SABI - Business News
Provider: South American Business Information
January 18, 2009

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