FAW hands over 10 new FAW J5P-360 oil tankers to Pakistan State Oil contractors

According to FAW, 50 more oil tankers would be handed over to PSO contractors in near future.

ADVERTISEMENT Published April 20, 2018

FAW, one of China's largest automobile manufacturer, recently handed over ten FAW J5P-360 oil tankers to contractors of Pakistan State Oil (PSO).

The event was attended by dignitaries including Senator Taj Afridi, Sheikh Imranul Haque MD and CEO of PSO, and Mr Nian Haoyu from FAW Pakistan. 470 PSO carriage contractors and representatives from China FAW Group and Al Haj FAW Pakistan also attended the ceremony.

In view of PSO’s urgent need of upgrading its gas and oil transportation fleet, FAW provided its customised J5P, a reformative vehicle with 28 configurations, built in compliance with the Oil & Gas Regulatory Authority (OGRA) and National Highways Authority (NHA) standards.

“PSO is glad to partner with FAW to ensure implementation of OGRA and NHA standards in the transportation of petroleum products," said Mr Sheikh Imranul Haque, the MD and CEO of PSO. "The induction of new tank lorries will not only enhance PSO’s capacity to transport more fuel, but will also prepare us to fulfill the country’s increasing fuel needs in wake of new business opportunities emerging from mega projects like CPEC.”

According to FAW, the engine power of these tankers has been enhanced from 330Hp to 360Hp, and the tankers also come with a 36-months deferred payment option, and a quality guarantee of two-years or 120,000 kms.

“FAW appreciates PSO’s determination of modernising Pakistani road transportation system and PSO’s strategic ambition towards Pakistani market”, said Mr Nian from FAW Pakistan, “As the leader of China’s automakers, FAW inherits the mission of independent innovation and continuous improvement for 60 years and wins trust and support from over six million global users.” he said.

The strategic cooperation between FAW and PSO indicates the increasing demands of Pakistani market for better commercial vehicles. FAW aims to provide highly competitive products and services and set higher benchmarks for the Pakistani transportation industry.

Founded in 1953, FAW is one of China’s largest automotive group, widely credited iaround the globe. In 2017, FAW manufactured a total of 3,407,810 units, and sold 3,346,000 units in China and overseas. The sales revenues of the company reached 469.8 billion RMB, ranking it 125th in Fortune Global 500 list.

This content is a paid advertisement by FAW Pakistan and is not associated with or necessarily reflective of the views of Dawn.com and its editorial staff.

Comments (17) Closed

Sukhera

Apr 24, 2018 04:59pm

The payment for these tankers is due after 36 months but the warranty expires after two years or 120,000 KM whichever comes first. The Pakistan State Oil company should have negotiated a better warranty of 4 to 5 years and free oil changes for the warranty period. I am not sure about the cost of these diesel engines but the warranty sucks.There are many reputable manufacturers of diesel engines in the world like Volvo, Mercedes and Cummings and they compete with each other in providing better warranty and financing.In order to secure the best deal, the PSO should have contacted all the reputable manufacturers and ask for the bids, so that it can compare apple to an apple.It's not a good business practice to buy the tankers from a company whose products are not time tested with only two year warranty without bids from others.What will happen if the engines breakdown after two years and need major repair or engine replacement.The country will be the ultimate loser for PSO incompetence.

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Maria enteparia onnuchoriu

Apr 24, 2018 05:01pm

A two year warranty is below the industry standard.

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kapatta

Apr 24, 2018 06:02pm

120k km is too less warranty offered compared to premium manufacturers e.g. Daimler and Volvo even the cheaper Renault and DAF offers more. Imagine Just 40 round trip from Karachi to Peshawer and the warrantry is expired

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Suchbaath

Apr 25, 2018 03:26am

Hope Pakistani Government follow Chinese model to bring Chinese production lines in Pakistan to bring technology at home for our Pakistanis to get trained. Look at China they forced American companies to bring technology to China, so whyn’t Pakistan follow same path.

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A. Khan

Apr 25, 2018 06:44am

Valid questions on limited questions being asked by other posters. MD PSO should publicly address these as PSO is a govt. owned enterprise. On the face of it, it would appear that PSO were attracted by the "buy now, pay later" package. But as a company, why would PSO not lease the equipment rather than purchase it ? This way PSO is not tied down with maintenance and warranty issues but rather pays rent for its usage. And there is no equipment depreciation to account for and the rental is tax write off. If every company in developed countries can use equipment leasing to their advantage, why cannot PSO do the same ? The initial capital outlay is reduced, meaning large amounts of capital are not tied down in basic equipment like tankers etc. and the burden of having working equipment is passed on to the lessor. Its not rocket science. Any finance guy worth his salt can work out the numbers and see the advantages.

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Arshad

Apr 25, 2018 08:15am

Yeah Sure, a Chinese Heavy Duty truck. Remember, the Pakistan Railways bought Engines from China too ?

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altruist

Apr 25, 2018 12:47pm

Tata Motors and Ashok Leyland would have given you 3 year/300,000KM warranty. The Chinese will loan you new trucks when warranty expires. Your choice.

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susmita

Apr 25, 2018 02:38pm

volvo has manufacturing plant in india. pakistan should have preferred to buy it from india. faw is a third class company...

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citizen

Apr 25, 2018 03:13pm

we cannot compare these chinese machines with that of Volvo,Mercedes,Cummins, which are miles ahead in state of art technology. Offering contract without international bidding system is typical to our buerocates, naturally involving bribes/commissions/kickbacks ...

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SA siddiqi

Apr 25, 2018 05:48pm

The Faw may not stand with top manufacturer of trucks in the world but it has good Experianced and standing in the world It is in business since past 65 years and have sold 65 million trucks rank 125 in fortune global list I believe thiese points plus price are the main criteria to purchase

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Aly

Apr 25, 2018 07:55pm

@kapatta they must buy additional warranty to cover any risk pls.

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Munir

Apr 25, 2018 09:51pm

China 's products way better and has better reputation than India 's products and reputation speaks itself.

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Tariq Sheikh

Apr 25, 2018 11:21pm

Why FAW, are we so in ept that we cannot make simple liquide carriers in Pakistan with Pakistani know how? Just another stint of making money and distributing fruits among collaborators. I am confident that Pak technicians can provide the international standard carrier at much better price than FAW. If any one is there to have confidence in them and provide them with seed money.

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Naseemaltaf

Apr 26, 2018 12:14am

@Suchbaath Very correct.Our top priority should be to get manufacturing technology transfer and local production. Create jobs at home,in Pakistan.

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Shahid

Apr 26, 2018 03:04am

Every one has a choice. When you are looking for tankers on half the price Volvo and Diamler would charge then purchasing it from FAW is not a bad deal. Here in Europe too all such vehicles are sold at a 2 year warranty. And then do not forget that FAW trucks are running on Chinese road for over a decade.

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MAHMOOD MIR

Apr 26, 2018 04:49am

@citizen He is right some body is making money as usual

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k p rao

Apr 26, 2018 09:57am

@Suchbaath American technology is coming to china and nt Chinese technoogy goig to America. Chinese technology if of dubious nature. It is not time tested and to have faith in it. You may not look eye to eye with India but even Indian car makers like Tata, Ashok Leyland, Escorts are doing better in diesel engine manufacturing.

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