| 01-04-2008
Recently, Foton Motor Company signed a contract exporting 330 units of Foton Euro V bus to Angola with Angola Abamat S.A-Empresa De Abastecimento De Materiais Company and X-MOTOR,S.A.. The total contract cost nearly 31.34 million US dollars and Foton has already received deposit 9.4 million US dollars. This batch of 330 units Euro V bus will increase profit RMB 20 million to Foton.
Foton always considers overseas market exploration as an important breakthrough of enterprise development. Since established, Foton step by step enlarges its overseas market share. Exporting Buses to Angora this time will not only elevates Foton's profitability, but also strengthens Foton's brand image. Holding the philosophy "Technology Creates Value, Quality Wins Market", Foton is fulfilling its commitment to produce high-quality bus, gains customers' recognition in less than three years and finally succeeds in overseas market.
Foton, shortened for the Beiqi Foton Motor Co., Ltd., was founded on August 28, 1996. It is a state-owned holding company with different types of ownership and a company listed in the stock exchange market. Its business operation extends in various regions and sectors.
Headquartered in Chang Ping District, Beijing,Foton possesses assets exceeding 5 billion Yuan and 28,000 employees. Foton's business units are seen in cities and provinces such as Beijing, Tianjin, Shandong, Hebei, Hunan, Hubei, Liaoning, and Guangdong. And its R&D branches are distributed in Japan, Germany, and Taiwan. Foton, whose brand value exceeds 11.932 billion Yuan in 2005, ranked No.4 in auto industry and No.43 in the “Top 500 China's Most Valuable Brands”.
Editor: James Yin from Chinabuses.co
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