Article: CHINA WEAPON EQUIPMENT TO INVEST CNY40BN IN CHONGQING


AsiaInfo Services
07-08-2008
China Weapon Equipment to Invest CNY40bn in Chongqing

CHONGQING, Jul 08, 2008 (SinoCast via COMTEX) -- China Weapon Equipment Corp. or China South Industries Group Corp., the largest motorcycles maker in the would, will pour CNY 40 billion into Chongqing, Southwest China, in the following five years, said Yin Jiaxu, deputy general manager of the company.

The company will invest CNY 28 billion in five projects including the construction of car test fields, engine factories and the third factory of Chang'an Ford Mazda Automobile Co., Ltd. and a car logistics base.

It will also invest CNY 4 billion in integrating its motorcycle assets including ...

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