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Sinotruck to Open New Assembly Plant in Tanzania

Image via Sinotruk.

Chinese state-owned heavy vehicle manufacturer Sinotruck announced this week that it plans an assembly plant in Tanzania.

Sinotruck’s investment in the plant comes to $20 million and will create 500 jobs. One additional benefit from the new plant, and others like it elsewhere in Africa, is that producing these kinds of trucks locally helps to reduce Tanzania’s gaping trade deficit with China and the need to use precious foreign currency.

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