Inner Mongolia North Hauler Joint Stock Co, a Baotou-based mine truck manufacturer, marked new progress with retained profits hitting 36.37 million yuan ($5.72 million) in 2017, year-on-year growth of 110 percent, Baotou Daily reported on Feb 28.
The company’s domestic market share rose to more than 80 percent in 2017 and its products have been exported to 63 countries.
Founded in 1988, Inner Mongolia North Hauler Joint Stock Co is now a leading company in the R&D, production and sale of mine trucks. It was listed on the Shanghai Stock Exchange in June 2000. The company is nearing its goal of becoming a leading global mine truck manufacturer with 28 years of experience and stable revenue growth.
The company was selected as one of the top 50 global construction machinery manufacturers during a summit in Beijing in October. It is the fifth consecutive year the Baotou-based company has made the list.