South African arms giant Chinese market joint venture in China-made armored vehicles to be
Data for: South Africa, Paramount Group, the development of armored vehicles
Reuters reported on April 13, Africa’s largest private defense company – South Africa Paramount Group (Paramount Group), as the Chinese for its armored vehicles The best market, and intends to produce in China.
foreign media said Paramount Group CEO Ivor Ichikowitz had a meeting in Sanya, China. Ichikowitz that in the past few years, with China a lot of discussion failed to reach a specific agreement; but he still hopes to find a Chinese partner. He said: “We see huge demand for their many products and found a large number of joint venture opportunities, but unfortunately, not yet found a mutually viable business model. Once the cooperation with China, we will depend on Chinese exports to third countries for the potential base. “
Foreign media, Ichikowitz went on to say, 2015, the company’s turnover will reach 10 billion U.S. dollars (approximately 65.3 billion yuan). He said: “We are looking for global diversification opportunities at some point, certainly must be considered a funding strategy we will consider the bilateral market strategy, we want to maintain significant control over Africa.” (Adams-year)