EEG, YTO – CAMAC set to building Africa’s biggest tractor assembly plant

  • They  inked   an  MOU  today

Thursday, August 18, 2022, Addis Ababa , Ethiopia :  The  Ethio-engineering Group (EEG) and YTO –CAMAC  signed here today  a  Memorandum of Understanding( MOU) providing  for strategic partnership  in  transferring technology and knowledge  in    production and  localization of  agricultural tractors , implements  ,  combine harvesters ,  as well as in building  Africa’s biggest tractor assembly  plant   in Ethiopia .

They inked the MOU, through their representatives at the headquarters of the former. When Ambassador Misganu Arga , EEG CEO  put his signature on the  document  for and on behalf of EEG,  Mr. Liu Huajin of  YTO Africa Department Director   reciprocated by following suits .

The overall purpose of the MOU is to harness the collective effort and resources of EEG and YTO-CAMACO to bring a reliable and long-term business partnership related to the supply, production, distribution and after-sales services of YTO-CAMACO’s different agriculture tractors, implements, attachments & combine harvesters.

Areas of cooperation, and  collaborations  between the two  companies include,  but not limited to supplying  credit business partnership for agriculture tractors, implements, attachments & combine harvesters in the form of Semi Knocked Down (SKD) and Completely Knocked Down (CKD) parts, localization of parts as per the standard of YTO-CAMACO  , exploring the possibility of designing  the same,  improving the existing production capacity of EEG ,supplying and installing assembly line technologies,  cooperating on after sell services, exporting products , training , consolidating the existing market share,  and expanding  EEG’s products and services to neighboring countries. They will work jointly also in areas of Electric and solar tractors technologies, pilot less/self-drive tractors, other products, and equipment.

‘’ this is  a historiacal juncture  which transformed our  existing relations ,’’ Ambassador Misganu said  adding that they  shall work  hard to realize and materialize the project . according to him the cooperation  and collaboration extends to  the production of ‘ Made in Ethiopia tractors’.

Mr. Liu Huajin of  YTO Africa Department   director , on his part , appreciating EEG for  seizing the opportunity , noted that  his company  shall strives to  the success of the  joint project too.

The factory, which has an assembling capacity of 10,000 tractors per   year, is believed to make EEG profitable both locally and regionally   .

YTO-CAMACO (CHINA-AFRICA MACHINERY CORP) is a leading Chinese company in the production of agriculture tractor worldwide, with    production capacity of forgings, mechanical processing, assembly, and testing.

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