Hengtian Group Acquires GINAF, a Special Purpose Vehicle Manufacturer in the Netherlands
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According to overseas media reports, China Hengtian Group Co., Ltd. has acquired GINAF, a Dutch special-purpose vehicle manufacturer, and Hengtian Group will continue to use the GINAF brand and product line. 
It is reported that GINAF is a manufacturer specializing in the production of special vehicles in the Netherlands. Its main business is custom dump trucks and concrete transporters. Its products are high-end positioning and have participated in the Dakar Rally. GINAF was founded in 1948. In the early 1960s, it was renamed GINAF Corporation and began to produce its own truck. In 1986, GINAF adopted a hydropneumatic suspension system, which expanded the product line. The system was under heavy load and under harsh working conditions. Conventional suspension systems have a longer service life. GINAF can also customize firetrucks, riot control vehicles, military vehicles, garbage trucks, and airport fuel vehicles. 
China Hengtian Group is a state-owned large-scale enterprise group with a registered capital of 2.759 billion yuan. The enterprises are distributed in more than 20 provinces and cities in China, and nearly 20 countries and regions abroad. By the end of 2006, it had total assets of 18.4 billion yuan, net assets of 6.5 billion yuan, product sales revenue of 15.9 billion yuan, and import and export scale of about 900 million US dollars.
Prior to this, Hengtian Automobile Co., Ltd. undertook the qualifications of Hubei New Chufeng Automobile Vehicles, Chassis, Passenger Cars, and Special Vehicles. It is a comprehensive vehicle manufacturing company. The first-phase construction includes an annual production capacity of 15,000 sets of chassis assembly lines, testing lines, 23,000 square meters of special-purpose vehicle workshops and comprehensive supporting facilities.