By Ndafadza Madanha
CHINESE motor vehicle manufacturer FAW plans to open a US$20m assembly plant in Bulawayo by year end as international investors continue to warm up to the country.
According to Henry Madovi an official with FAW the assembly plant will create over 100 jobs and plant equipment is already on its way from China.
He said the plant will be dedicated to assembling heavy motor vehicles as the company anticipates a spike in the country’s infrastructure and transportation projects.
“We shall be assembling buses and trucks from Bulawayo by the third quarter and this will create about 100 jobs. The number of jobs created will also double as we are looking at using the assembly plant to export into the region. The plant is ready for shipment and we have invested US$20m,” said Madovi.
He said the company had received an overwhelming response to its products owing to the exceptional backup services they provide to their clients.
Madovi said the company will also roll out new branches in the country and commended the new political dispensation for bolstering investor confidence.
“We are currently on a country roll out of branches and will soon be opening branches in Mutare, Masvingo and Gweru.Our clients are happy with our products as we provide them with sufficient backup”
The new dispensation built market confidence and we have sold six trucks at this year’s ZITF something we had never done in previous editions so Zimbabwe is truly open for business”.
He said the buses and trucks from FAW were specifically built to suit the rough terrain of Africa.
FAW is a Chinese automotive manufacturing company headquartered in China. Its principal products are automobiles; buses; light, medium, and heavy-duty trucks; and auto parts FAW became China’s first automobile manufacturer when it unveiled the nation’s first domestically produced passenger car, the Hong QI, in 1958.
FAW is one of the “Big Four” Chinese automakers alongside Changan Automobile,Dong Feng Motor, and SAIC Motor. In 2014, the company ranked third in terms of output making 2.7 million whole vehicles.
The company has three publicly traded subsidiaries.