China National Heavy Duty Truck Group Hangzhou Engine Co., Ltd. has passed the hard work for one month and one month. It has recently ushered in the official debut of the first engine at the Xiaoshan New Plant.
Construction of the new factory area of ​​Hangfa started on September 8 last year. Over the past year or so, with the care and support of local governments at all levels and China National Heavy Duty Truck Group, all work has progressed smoothly. According to the relocation process, by the end of this year, the company's production center will be entirely transferred to the new plant area, with an annual output of more than 120,000 engine production capacity, and will be completed in May next year in the old factory center relocation.
Since the beginning of this year, various economic indicators of Hangfa have grown significantly. By the end of September, the company had produced and sold 47,762 engines, achieving 79.77% of the annual target, an increase of 44.08% year-on-year; sales revenue of 1.864 billion yuan, an increase of 47.81% year-on-year; profit of 259 million yuan, a year-on-year increase of 60.99%.
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