Beiqi Foton Motor Co., Ltd. (600166: SHA) has signed a memorandum of understanding (MOU) with the Cameroonian government to invest USD 500 million to build a factory in Cameroon. The new factory will start operation in July 2013 and will have a production capacity of 5,000 trucks and minibuses.

According to the MOU, in the first stage, auto parts impor ted from China will be assembled; in the second stage, the raw materials from Cameroon will be used.




根据备忘录声明,第一阶段将组装进口自中国的零部件,第二阶段将采用喀麦隆当地的原材料,主要出产自姆巴拉铁矿(Mbalam iron ore)。