We are at the early end of the norinco collaboration.There is an engine arriving within days in perth.i know the ace management are enthused about 1 norincos markets and 2 the complete after sales back up ,this will support the brand and 3 the coprehesive range of gas components ( tanks etc )norinco stock. If this engine ace is receiving turns out to be a popular choice then yes this will end up even better than TATA.I read in the research ace can manufacture 3 or 4 thousand units p/a .If norinco got big there would be another jv to maufacture under license you would think.Was told today bus lines here in oz are buying chinese buses.So the markets norinc cover globally have width now its just the depth to work on.Be assured tony Middleton is very focused on developing the norinco relationship.
ACE Price at posting:
6.7¢ Sentiment: ST Buy Disclosure: Held
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