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Weifang to build world's largest rear wheel product base
chinatrucks.com, 19 Nov '13
On November 6, 2013, a contract regarding the world's largest production base of rear wheel products for commercial vehicles was signed in Weifang, Shandong province. It is learnt that the world's largest commercial vehicle rear wheel product production base is a joint venture of American CAMAX and Shandong Haoxin Group based on former joint venture Weihang Haoxin CAMAX Company. The production base is located in Changyi, Weifang city, Shandong province. It is constructed in different phases with a registered capital of US$ 30 million and the front-end investment of US$ 90 million. The phase one is mainly to produce hub and brake drums with an expected business revenue of US$ 35 million.
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