Beiqi Foton Motor Co., Ltd. (600166: SHA) has signed a memorandum of understanding (MOU) with the Cameroonian government to invest USD 500 million to build a factory in Cameroon. The new factory will start operation in July 2013 and will have a production capacity of 5,000 trucks and minibuses.

According to the MOU, in the first stage, auto parts impor ted from China will be assembled; in the second stage, the raw materials from Cameroon will be used.

福田计划投资5亿美元在喀麦隆建厂

中国福田汽车计划在非洲喀麦隆投资5亿美元,建造一座整车厂,明年投入生产运行。

据喀麦隆工业部长11月9日称,福田汽车已经与喀麦隆政府签署了备忘录,该车企将在喀麦隆西南部港口城市克里比(Kribi)投资5亿美元建厂。新工厂将在2013年7月投入生产运行,年产能为5,000辆卡车及面包车,将为当地创造8,000个就业岗位。

根据备忘录声明,第一阶段将组装进口自中国的零部件,第二阶段将采用喀麦隆当地的原材料,主要出产自姆巴拉铁矿(Mbalam iron ore)。