China's Sinotruk sees 2008 sales up 30 pct

Newswire

SHANGHAI, May 24 (Reuters) - Chinese heavy-duty truck maker Sinotruk expects its 2008 turnover to rise 30 percent after an estimated 50 percent jump in the first four months of the year, the official Shanghai Securities News quoted a senior executive as saying. The newspaper on Saturday also quoted Sinotruk Executive Director Tong Jingen as saying that the company would raise its product prices if steel prices continued climbing. Tong said raw materials prices had risen more than 10 ...

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