China-Africa Machinery Corp.
China-Africa Machinery Corp. (hereinafter refers to CAMACO), headquartered in Beijing, is a joint venture founded by YTO Group and China-Africa Development Fund£¨hereinafter refers to CADFund£©.
Supported by Chinese powerful manufacturing and R&D capability, CAMACO has always commit itself to be an important business platform for Chinese enterprises to Africa market in the line of heavy machinery. This platform is designed to play a key role in Sino-Africa trades and communications.
CADFund was established when the new strategic partnership was built and developed between China and Africa, with the purpose of encouraging and supporting Chinese enterprises to invest in Africa. In the Sino-Africa Forum of November 2006, President Mr. Hu Jintao announced to set up CADFund with funding of USD $ 5billion. In March 2007, the initial funding proved by State Council was USD $ 1billion and undertaken by China Development Bank.
With strong R&D and manufacturing ability, YTO Group¡¯s leading products covers agricultural and construction machinery and it is remarkable in the field of sales, techniques and finance. YTO is experienced in running business in Africa successfully and got a lot of talented people who worked and carried out the investment in Africa for years. No matter as to the specialty, industry status, the financial ability, team working or spare parts supply, YTO is absolutely the first choice for business.