China to export 530 high-powered tractors to Venezuela

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Last updated at: (Beijing Time) Sunday, February 08, 2004

China to export 530 high-powered tractors to Venezuela

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China will export 530 high-powered tractors to Venezuela in April this year, according to a recent agreement signed between China's No. 1 Tractors Group and officials from the agriculture, animal husbandry and fishery departments of Venezuela.

The more than 60 million yuan (US$7.23 million) worth export contract is so far the largest volume of tractors that China has exported to other countries. Of the total export, 265 tractors each with a power of 100 horsepower, or 74,570 watts, per minute are expected to end China's history of exporting only low-power tractors.

Manufacturing of the 530 tractors is going on smoothly.

Venezuela has imported a large number of tractors and other kinds of farming machines from the United States, Brazil, Iran andChina to boost its agriculture in recent years.

The No.1 Tractors Group of China exported a total of 270 tractors to Venezuela in 2001 and 2002.

Established in the 1950s, the No. 1 Tractors Group is currentlya leading tractors manufacturer in China. The group registered 4.7billion yuan (568 million US dollars) in sales last year, a year-on-year rise of 63 percent.

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