Premval (Pvt) Ltd(subsidiary of VPL Limited)signs distributor agreement with SHACMAN Trucks Premval (Pvt) Ltd (a wholly owned subsidiary of VPL Limited) has signed a distributor agreement with Shaanxi Heavy Duty Automobile Import & Export Co, a wholly-owned subsidiary of Shaanxi Automobile Holding Group Co, Ltd. The Group is among the top five manufacturers of heavy duty trucks in China and uses its SHACMAN truck brand for exports. VPL is one of Pakistan's leading suppliers of trucks, buses, construction & mining equipment, generators, engines and tools.
"This newly established strategic co-operation of Premval with SHACMAN will provide PREMVAL access to the rapidly growing commercial truck market and unprecedented opportunities offered by China Pakistan Economic Corridor (CPEC)" said Waqar Asghar, CEO of Premval and VPL. "We plan to have ex-stock availability at all major locations supported by a country-wide after sales support network. Sales activities will commence immediately while formal product launch is planned for Q-3, 2017" he further added.
The formal distributor agreement was signed last week by Zhang Hai Gang, Vice General Manager, SHACMAN and Konoz Mohiuddin, Chairman VPL. Under the agreement, which becomes effective with immediate effect, Premvalis responsible for the complete range of SHACMAN rigid and prime mover trucks in Pakistan.-PR
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