– to provide heavy-duty equipment
GUYANA Tractor and Equipment Company (GUYTRAC) recently signed a multibillion-dollar agreement with SINOMACH-HI International to distribute heavy duty construction equipment.
GUYTRAC representative, Sharoj Singh, earlier in June, traveled to Chenzhou City, China, to sign an exclusive dealership and distribution agreement, while Spencer Bao, Sales manager for Latin America and Africa, signed on behalf of Sinomach.
Due to the continuous development in Guyana and the current demand for affordable, durable equipment in the construction sector, GUYTRAC hopes to meet the needs of contractors with the signing of this contract.
Manager of GUYTRAC, Bony De Andrade, related that contractors often look for durable, affordable and low maintenance equipment, which is exactly what Sinomach brings to the market.
A few pieces of equipment have already been acquired by the company. However, in a few weeks, a larger batch is expected to arrive for further distribution.
Sinomach’s main business covers trade and services of engineering machinery and products related to heavy industry.
They are one of the largest exporters of construction machinery in China and hold an excellent reputation in overseas markets.
Their products cover shovel transportation machinery, compaction machinery, road machinery, excavation machinery, piling machinery, lifting machinery, concrete machinery, municipal sanitation machinery, mining machinery and spare parts, dozens of series, and hundreds of varieties.
As GUYTRAC continues to assist in bridging some gaps that the construction sector may face, their US$8 million (approximately GY$1.6 billion) headquarters is expected to be completed by August 2023, at Prospect, on the East Bank of Demerara (EBD).
At the new location, there will be a one-stop shop where the corporate office and machinery will be available, which would benefit customers as their traveling would be reduced and the consolidation will help to foster further business relations with people on the EBD because it is closer to the gateway of the interior.
The complex will also house a training centre for employees and heavy-duty mechanics, and create employment for over 100 persons.
He noted that the building is very distinctive in shape and there will be heavy-duty machinery, trucks, as well as a variety of spare parts.
GUYTRAC stands poised to provide products to the oil sector, keeping in mind the Government’s Local Content Policy, and has, over the years, supplied various brands of machinery to the country’s agricultural, mining and construction sectors.
