N.Siddiqui
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JW Forland in 900 million USD investment in car and truck manufacturing with Chinese Principal
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N.Siddiqui
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JW Forland has planned to produce dump trucks, cargo trucks and special purpose vehicles in Pakistan with an installed capacity of 30,000 units per annum.
The company has made the plan in the wake of Pakistan’s Auto Industry Development Policy 2016-21 that has eased the entry of new players into Pakistan’s market. JW Forland has also got encouragement from the China-Pakistan Economic Corridor (CPEC), which has given a push to the demand for heavy vehicles in the country.
Corporate Corner: JW Forland sets up in Pakistan
“We are planning to open 20 nationwide dealerships. In the first phase, our dealerships will be established in Karachi, Lahore, Rahim Yar Khan, Peshawar, Islamabad, Abbottabad, Faisalabad, Hyderabad, Sialkot and Sukkur,” JW Group President Shah Faisal Afridi told The Express Tribune.
In future, he said, the company would roll out more and more products based on market requirement.
According to Afridi, now more and more emerging companies, like JW Forland, will be established in Pakistan. JW Forland is a partnership between Pakistan’s JW Group and Foton China.
The two joint-venture partners have planned to invest equally in the project with 50% shareholding each.
JW Forland has no plans to enter the passenger car segment in the near future. It will produce cargo trucks namely Bravo 1.0 (1,809cc), Bravo 3.0 (2,771cc), Bravo 3+ (2,771cc) and Bravo 7.5 (3,760cc) and a dump truck called Alpha 3.0 (2,771cc).
These vehicles will be used as road sweepers and garbage compactors and their production has already started.
https://tribune.com.pk/story/1731763/2-jw-forland-plans-produce-dump-cargo-trucks-pakistan/
ISLAMABAD: Foton JW Auto Park (Pvt.) Ltd. is formally commencing production from its automobile assembly plant on Friday, November 30, 2018, meanwhile, Prime Minister Imran Khan is expected to attend the launch event, it was learnt on Wednesday.
Official sources in Industries and Production Ministry informed Pakistan Today that Foton JW Auto Park (Pvt.) Ltd. is the first Pakistani company which had a 50/50 Joint Venture (JV) with a Chinese company in the auto sector and it is going to officially launch production from its automobile assembly plant on Friday. They said as a first for the Pakistani auto sector, technology is being transferred from China for specialised parts like engine, transmission etc, said sources.
Changsha Foton Vehicle Technology Co., Ltd President Wang Tao and JW SEZ Group President Shah Faisal Afridi on behalf of Foton JW Auto Park (Pvt.) Ltd. will attend the event and they have already requested PM Khan to attend the launch event and the premier has accepted the invite, said an official of the ministry.
The sources also told that a JV was earlier signed in December 2016 between Changsha Foton Vehicle Technology Co., Ltd and JW SEZ Group. They said initially $150 million worth investment has been made at a ratio of 50/50 by both partners. They further added that the plant is located in Lahore over 50-acre land while the current plant capacity is 30,000 units. They also said product range (Phase-I) includes light and medium commercial cargo and dump trucks, minivans and SUVs. Meanwhile, the new plant is expected to provide over 500 direct employment, said sources.
Sharing details of future plans (Phase 2 & 3) of Foton JW Auto Park JV, the sources told that the JV had plans to invest $300 million within the auto sector and expand the plant to cover 100 acres of land, enhance the plant capacity to 100,000 units per year and increase product range by start assembling buses, heavy trucks and energy vehicles. After completion of phase 2 & 3, direct employment of 3,500 is estimated, meanwhile, the company had already received greenfield status for its plant and established an assembly plant in Lahore, said sources.
The JV was established apparently owing to the regressive growth of the economy through the China-Pakistan Economic Corridor (CPEC). A dialogue was earlier held between JW SEZ and Foton that had resulted in a Joint Venture, named Foton JW Auto Park, was formed. Foton JW Auto Park has envisioned becoming the leading commercial vehicle manufacturer in Pakistan within the next 5 years.
Reportedly, Beiqi Foton Motor Co., Ltd, Foton for short, is the largest commercial vehicle manufacturer, with the widest product line up in China.
https://profit.pakistantoday.com.pk...vent-of-jw-forland-automobile-assembly-plant/
The company has made the plan in the wake of Pakistan’s Auto Industry Development Policy 2016-21 that has eased the entry of new players into Pakistan’s market. JW Forland has also got encouragement from the China-Pakistan Economic Corridor (CPEC), which has given a push to the demand for heavy vehicles in the country.
Corporate Corner: JW Forland sets up in Pakistan
“We are planning to open 20 nationwide dealerships. In the first phase, our dealerships will be established in Karachi, Lahore, Rahim Yar Khan, Peshawar, Islamabad, Abbottabad, Faisalabad, Hyderabad, Sialkot and Sukkur,” JW Group President Shah Faisal Afridi told The Express Tribune.
In future, he said, the company would roll out more and more products based on market requirement.
According to Afridi, now more and more emerging companies, like JW Forland, will be established in Pakistan. JW Forland is a partnership between Pakistan’s JW Group and Foton China.
The two joint-venture partners have planned to invest equally in the project with 50% shareholding each.
JW Forland has no plans to enter the passenger car segment in the near future. It will produce cargo trucks namely Bravo 1.0 (1,809cc), Bravo 3.0 (2,771cc), Bravo 3+ (2,771cc) and Bravo 7.5 (3,760cc) and a dump truck called Alpha 3.0 (2,771cc).
These vehicles will be used as road sweepers and garbage compactors and their production has already started.
https://tribune.com.pk/story/1731763/2-jw-forland-plans-produce-dump-cargo-trucks-pakistan/
ISLAMABAD: Foton JW Auto Park (Pvt.) Ltd. is formally commencing production from its automobile assembly plant on Friday, November 30, 2018, meanwhile, Prime Minister Imran Khan is expected to attend the launch event, it was learnt on Wednesday.
Official sources in Industries and Production Ministry informed Pakistan Today that Foton JW Auto Park (Pvt.) Ltd. is the first Pakistani company which had a 50/50 Joint Venture (JV) with a Chinese company in the auto sector and it is going to officially launch production from its automobile assembly plant on Friday. They said as a first for the Pakistani auto sector, technology is being transferred from China for specialised parts like engine, transmission etc, said sources.
Changsha Foton Vehicle Technology Co., Ltd President Wang Tao and JW SEZ Group President Shah Faisal Afridi on behalf of Foton JW Auto Park (Pvt.) Ltd. will attend the event and they have already requested PM Khan to attend the launch event and the premier has accepted the invite, said an official of the ministry.
The sources also told that a JV was earlier signed in December 2016 between Changsha Foton Vehicle Technology Co., Ltd and JW SEZ Group. They said initially $150 million worth investment has been made at a ratio of 50/50 by both partners. They further added that the plant is located in Lahore over 50-acre land while the current plant capacity is 30,000 units. They also said product range (Phase-I) includes light and medium commercial cargo and dump trucks, minivans and SUVs. Meanwhile, the new plant is expected to provide over 500 direct employment, said sources.
Sharing details of future plans (Phase 2 & 3) of Foton JW Auto Park JV, the sources told that the JV had plans to invest $300 million within the auto sector and expand the plant to cover 100 acres of land, enhance the plant capacity to 100,000 units per year and increase product range by start assembling buses, heavy trucks and energy vehicles. After completion of phase 2 & 3, direct employment of 3,500 is estimated, meanwhile, the company had already received greenfield status for its plant and established an assembly plant in Lahore, said sources.
The JV was established apparently owing to the regressive growth of the economy through the China-Pakistan Economic Corridor (CPEC). A dialogue was earlier held between JW SEZ and Foton that had resulted in a Joint Venture, named Foton JW Auto Park, was formed. Foton JW Auto Park has envisioned becoming the leading commercial vehicle manufacturer in Pakistan within the next 5 years.
Reportedly, Beiqi Foton Motor Co., Ltd, Foton for short, is the largest commercial vehicle manufacturer, with the widest product line up in China.
https://profit.pakistantoday.com.pk...vent-of-jw-forland-automobile-assembly-plant/
AZ1
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Okay so goody goody is done by PMLN and Deficit is because of Imran khan in power of just 100 days lol.
BATMAN
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bhai all auto investors are responding to the auto policy (good /bad) of previous govt.
Forland iand Afridi venture was going on from past few years and here you talking about 100 days.
You can google forland Pakistna and will find out how old is this venture.
Afridi is simply a businessman and he created this event to have IK feel special.
I welcome PTI to tell us, what's their contribution.
You have Quaid e Azam in profile picture and support Nawaz Sharif glorious party.
We indeed live in a very interesting world don’t we.
Syed1.
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Poor Quaid must be tossing and turning in his grave at the state these Sharifs and Zardaris have left his country in.
AZ1
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First you tell me why we have this deficit and situation in which are in right now whose policy was this? don't try to reply like you are neutral you are not.
BATMAN
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I support Nawaz Sharif when where?
Forland trucks are already under assembly, they are just expanding now.
https://jwforland.com/
They came to Pakistan in response to the auto policy of Pakistan, which was made by past govt.
So nothing to credit Imran Khan, here.
Woh to jo hai so hain.
Its the average people like Batman, who’s support for such people boggle my mind. I indeed think their personalities/minds should be researched on.
How? I mean how?
AZ1
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I support Nawaz Sharif when where?
Forland trucks are already under assembly, they are just expanding now.
They came to Pakistan in response to the auto policy of Pakistan, which was made by past govt.
So nothing to credit Imran Khan, here.
If this is the case then why Gwadar and CPEC PMLN nawaz was beating of because gwadar and cpec was doing of musharraf and then zardari. Keep beating drum road ka jaal bechaya etc
Muhammad Omar
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Isn't this Old news
They have already made assembly plant in Lahore which was inaugurated and became operational in June 2018
They are investing $150 Million more in the expansion
They have already made assembly plant in Lahore which was inaugurated and became operational in June 2018
They are investing $150 Million more in the expansion
war&peace
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Great news.. Thank you PM IK... credibility and transparency go a long way in building confidence for the investors.
while we develop and progress
Keep on squealing, keep on burning patwari
while we develop and progress
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AZ1
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It's simply buddy when one has personal interest like chacha taya phopa in powr of PMLN and they were enjoying that they can't see it and after that they missed that power. They don't care what happened to economy and all.
Question is why didn't they did this before. Let me know the answer. It's current govt character that allow other to flow in your country.
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