Chinese Hoyo delivers first tractors from Rasnov in July

Chinese tractor producer Hoyo has started to produce tractors in its factory in Rasnov, Brasov county in Romania. The first series of tractors will be finalized mid-July, according to the company's executive director Denisa Vasilescu, quoted by Mediafax newswire. Production at the Hoyo factory was supposed to start in December last year, but was delayed due to issues in the production area. Hoyo opened the factory in Rasnov in September last year and plans to producer 20,000 tractors a year in Romania. Hoyo Agricultural Machinery Equipment will manufacture eight times of tractors in Romania, with prices starting with EUR 6,500. The Rasnov factory is controlled by Chinese company Hoyo - SHK Modern, which is part of the Shantuo Agricultural Machinery Equipment group.