…as company diversifies into new markets

IN order to secure exclusive import and distribution rights, XCMG Brasil Indústria Ltda, along with N.M. Trucking Auto Sales, and Agri Machinery, also known as Jumbo Jet Auto Sales, has signed a Memorandum of Understanding (MoU).

The agreement, signed last Thursday, will pave the way for Jumbo Jet Auto Sales to increase their capacity while providing various heavy-duty construction, mining, lifting equipment and machinery manufactured by XCMG.

Xuzhou Construction Machinery Group (XCMG) was founded in 1943. It has since stood at the forefront of construction machinery and has grown significantly into one of the world’s largest and most influential enterprise groups, with its annual sales exceeding US$14 Billion for three consecutive years, a press release from the company noted.

According to the release, XCMG is ranked third worldwide for quality, service, and reliability in the construction, lifting and heavy-machinery sectors.

Because of the overwhelming demand for reliable heavy-duty equipment in Guyana, the Jumbo Jet Auto Sales Group has decided to expand their brand and diversify into new markets.

After intense negotiations ensued, the MoU was signed at the office of XCMG Brazil Industria LTD, the South American headquarters of the XCMG Group in Districto Industrial Pouso Alegre, MG, Brazil.

Representing XCMG Group were Mr Li Hanguang, General Manager and Head of XCMG South American countries; Mr Wu Shuxin, Commercial Director of XCMG South American Group and Justo Abelardo Santos Expinosa, Manager of International Business Department.

Jumbo Jet Auto Sales was represented by a team led by Mr Nasrudeen Juniour Mohamed; Mr Manoj Narayan, attorney; Mr Navendra Ramnauth, Sales Manager for Parts/Spares; Mr Sohan Bridjlall, Company Engineer and Project Manager and Mr. Sanjeev Caimraj, Logistics Manager.

The XCMG Group and Jumbo Jet Auto Sales also signed their inaugural Purchase Order for the supply and delivery of 125 pieces of various construction equipment and machinery, including amphibious excavators.

The parties mutually agreed on the multimillion-dollar purchase, and the shipment is expected to arrive in Guyana in April, 2023.

Jumbo Jet Auto Sales will provide full after-sale service and maintenance with original parts manufactured by XCMG for all equipment and machinery imported into Guyana.

According to the release, Mr Mohamed indicated, “Jumbo Jet Auto Sales is pleased to continue to play its part in the development and modernization of Guyana by providing construction and mining equipment and machinery of the highest quality, durability, and reliability.

“This MoU with XCMG, he said, is the first of many major franchise deals that Jumbo Jet Auto Sales has earmarked for Guyana.

“We will continue to play an integral role in providing heavy-duty equipment and specialized machinery to contractors in Guyana. In keeping with the ‘One Guyana’ vision, we are willing to work together with new contractors to boost their current capacity and build a better Guyana.”