Jumbo Jet signs US$40M as sole distributor for brand new trucks from China

Sinotruk Inc., the largest Chinese truck supplier, is expected to provide over 500 brand new trucks by partnering with Guyana's largest importer of agricultural machinery and trucks, Jumbo Jet Auto Sales.

"It is clear to see Guyana's expanding economy and the many construction projects taking place to improve our nation. This requires a variety of reliable equipment to meet the contractors’ demand in order to successfully execute the existing and upcoming projects," the company noted in a press release.

Taonaijie, General Manager of the Caribbean Sinotruk International and founder of Jumbo Jet, Nasrudeen Mohamed, finalised an agreement of over US $40 million which was signed on Tuesday.

According to the release, this contract will see over 500 brand new trucks coming from China to Guyana in the next few years with Jumbo Jet Auto Sales being the sole distributor. There will be all types of trucks available for sale to meet any demand.

Some options include, but are not limited to, dump trucks, tractor unit/hauler, flatbed, all-wheel drive, 8X4, 6X6, 6X4 and much more.

The purchase of spare parts will also be available. Mohamed, speaking at the signing, said the demand for better quality trucks is growing in Guyana due to the rapid workload increase.

"A study was done by Jumbo Jet Auto Sales which revealed the depreciation of the trucks to last only one to five years whereas the brand-new trucks will be able to work efficiently for 10 years," the release noted.

According to the release, the General Manager of the Caribbean for Sinotruk, Taonaijie, said the signing was important to his company to work with a reputable distributor such as Jumbo Jet. Further, he stated that Sinotruk is the number one brand of heavy-duty truck in China.

"Nasrudeen Mohamed, in turn, is very optimistic about this partnership to help provide brand new quality trucks to his community so they can also reap the benefits and expand their business ventures.

"Nasrudeen Mohamed wants to support the booming economy and is grateful for this opportunity as the only distributor. Jumbo Jet Auto Sales offered a lucrative credit system to each customer, providing the option to pay for items on an instalment basis regardless of the quantity purchased," the release further noted.