Uganda to assemble Chinese cars.

Position:Automotives - MFK Corporation and China Aero-Technology Import-Export Corp. in marketing agreements - Brief article
 
FREE EXCERPT

Uganda's MFK Corporation and the Chinese conglomerate China National Aero-Technology Import and Export Corporation (Catic) have announced plans to assemble 3,000 Geely cars a year in a new plant outside Kampala. Two Geely models are to be assembled and marketed, initially on the East African market, with an anticipated selling price of Ush16m-17m (approx $10,000). Muyanja Mbabaali, chairman of MFK, insists that the Geely models...

To continue reading

REQUEST YOUR TRIAL