Huntleys' Stock of the Week
Vmoto Announces New China Scooter Plant Targets $100M
Monday January 14, 2008, 9:42 am

Original Announcement: Press Release - New China Scooter Plant Targets $100 Million

Vmoto reported that an Australian company has commenced construction in China of a sophisticated and advanced scooter assembly plant, targeting annual revenues of over A$100m a year by 2011 for Vmoto. The Company announced that work was underway in Nanjing, China, on Stage 1 of the 10,000m2 plant which was expected to be operational by mid year. The Stage 1 layout will deliver the Company a modern assembly plant in China with an initial output of 15,000 scooters and 20,000 engines. Stages 2 and 3 are due to commence later this year and will provide an eventual capacity of a combined total of 200,000 scooter and engine units p.a. for export to its global client base in more than 100 nations.

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