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TRUCKMAKERS NEWS * WORLDWIDE
* Russia - Daimler ready to take controlling Kamaz stake
(Photo: Kamaz's trucks)
Moscow,Russia -Reuters, by Vladimir Soldatkin/John Bowker -Jan 30, 2012: -- German autos group Daimler is ready to increase its stake in Russian truck maker Kamaz to a controlling one, newswires said on Monday citing Russian state conglomerate and Kamaz shareholder Russian Technologies... Daimler has an 11 percent stake in Kamaz...
* Russia - Truckmaker Kamaz returned to profit in 2011
Moscow,Russia -Reuters, by Gleb Stolyarov/Maria Kiselyova/Jane Merriman -Feb 2, 2012: -- Russian truckmaker Kamaz swung to a 2011 net profit of around 1 billion roubles ($33 million) after a 0.8 billion rouble net loss in 2010, its chief executive told Reuters... Sergei Kogogin also said on Thursday that Kamaz's full-year revenues increased to 104 billion roubles from 74 billion the previous year, citing preliminary results from the company... Kamaz, earlier in January said its Russian sales rose nearly 40 percent last year to 39,000 trucks... Kamaz has been on a recovery path after being hit hard by the 2008 financial crisis when construction firms and heavy industry, where Kamaz finds most of its customers, were forced to scale back production and cancel projects. ($1 = 30.14 roubles)...
* China - Sany, Citic to Pay $475 Million for German Cement-Pump Maker Putzmeister
(Photo from Forbes Conrad/Bloomberg - A Sany Heavy Industry Co. truck mounted concrete pump is introduced at the company's factory in Changsha, China. Sany postponed a $3.3 billion planned initial Hong Kong sale last year due to market conditions)
Changsha,China -Bloomberg, by Jasmine Wang -Jan 31, 2012: -- Sany Heavy Industry Co., headed by China’s richest man, and a partner will pay 360 million euros ($475 million) for concrete-pump maker Putzmeister Holding GmbH to add technology and expand overseas... The Chinese construction-equipment maker will buy 90 percent of Putzmeister for 324 million euros and Citic PE Advisors (Hong Kong) Ltd. will purchase the balance, it said in a Shanghai stock exchange statement yesterday. The deal may be completed by March 1, pending regulatory approvals, the Changsha, China-based company said... Sany climbed to the highest in more than two months in Shanghai trading after announcing the deal and saying that profit probably rose more than 60 percent last year...
Paris,France -Dow Jones Newswires/Fox Business -January 31, 2012: -- The global output of French car makers fell 0.1% in 2011 from the previous year to 5.6 million passenger vehicles, the French association of car manufacturers, or CCFA, said Tuesday in a report... The passenger vehicle output of Peugeot Citroen SA and Renault SA rose 0.8% in France and fell 0.5% in other parts of the world, the report said... Both manufacturers produced 802,448 light trucks in 2011, a 13% increase from 2010, the report added... Renault's world output of trucks in 2011 advanced 29% to 41,169...
* India - Scania to invest Rs 150 crore to set up plant in Bangalore
Bangalore,India -The Economic Times -31 Jan, 2012: -- Swedish commercial vehicle-maker Scania today announced that it will invest Rs 150 crore to set up a manufacturing facility in India in the next one year... The proposed plant in Bangalore will roll out 2,000 heavy haulage trucks and 1,000 inter-city buses and coaches over the next five years... With the Indian commercial vehicles segment likely to register a growth of 8-10 per cent this year, the outlook for the industry is very promising, he added... The company said it will invest Rs 150 crore in the coming year to set up the plant in Narasapura Industrial Area, Bangalore, and the first truck will be rolled out in 2013... Scania said it plans to produce around 2,000 heavy haulage trucks and 1,000 inter-city buses and coaches from this plant within five years... Once fully operational, the plant will employ up to 800 people over the next five years...
* Swedish - Scania: stuttering in EMs
(The brand logo of Swedish truck maker Scania is seen on the bonnet of a lorry at a retailer in Ludwigsfelde outside Berlin, February 1, 2012)
Changsha,China -Bloomberg, by Jasmine Wang -Jan 31, 2012: -- Sany Heavy Industry Co., headed by China’s richest man, and a partner will pay 360 million euros ($475 million) for concrete-pump maker Putzmeister Holding GmbH to add technology and expand overseas... The Chinese construction-equipment maker will buy 90 percent of Putzmeister for 324 million euros and Citic PE Advisors (Hong Kong) Ltd. will purchase the balance, it said in a Shanghai stock exchange statement yesterday. The deal may be completed by March 1, pending regulatory approvals, the Changsha, China-based company said... Sany climbed to the highest in more than two months in Shanghai trading after announcing the deal and saying that profit probably rose more than 60 percent last year...
* France - Car Makers' Passenger Vehicles 2011 Global Output Down 0.1%
Paris,France -Dow Jones Newswires/Fox Business -January 31, 2012: -- The global output of French car makers fell 0.1% in 2011 from the previous year to 5.6 million passenger vehicles, the French association of car manufacturers, or CCFA, said Tuesday in a report... The passenger vehicle output of Peugeot Citroen SA and Renault SA rose 0.8% in France and fell 0.5% in other parts of the world, the report said... Both manufacturers produced 802,448 light trucks in 2011, a 13% increase from 2010, the report added... Renault's world output of trucks in 2011 advanced 29% to 41,169...
* India - Scania to invest Rs 150 crore to set up plant in Bangalore
* Swedish - Scania: stuttering in EMs
Berlin,Germany -Reuters/2Space, by Thomas Peter -Feb 1st, 2012: Truck maker Scania is preparing for an uncertain year by cutting more staff and delaying investments after truck orders softened in the second half of 2011 and its quarterly earnings undershot... The heavy trucks sector is often seen as a barometer of global demand for capital goods – and after Sweden-based Scania became the first truckmaker to publish fourth-quarter results, the omens are not looking good. Particularly worrying was the company’s stuttering performance in emerging economies: fourth quarter order bookings slumped by 50 per cent in Asia (mainly in the Middle East) while also falling in Latin America... Precise figures for the Middle East are not revealed, but the sharp drop in fourth quarter Asian orders, which include the Middle East – from 3,866 in 2010, to just 1,361 in 2011 – highlights how demand for Scania’s trucks has been disrupted by uprisings in the region... Meanwhile, Latin American fourth quarter orders slipped fell 12 per cent over the year, disrupted by the transition to newer, more expensive trucks in Brazil... Truck deliveries for 2011 reached a record 72,120 units, but that’s primarily driven by strong first-half growth... The latest slowdown seems more than just a temporary setback, however. Scania looks like it’s preparing for a tough 2012. It said on Wednesday that around 1,900 temporary staff would not have their contracts extended, after cutting production by 10-15 per cent in November amid growing anxiety about the effect of the eurozone crisis...
* Pakistan - Ghandhara Ind. Ltd, engaged in the production of different Trucks and Bus models
Karachi,Pakistan -The Business Recorder -February 1, 2012: -- Ghandhara industries are engaged in manufacturing, assembling and marketing of Isuzu trucks and bus chassis... It was set up in Karachi by General Motors Overseas Distribution Corporation of USA... In 1992 Bibojee Services (Pvt) Ltd. acquired it under the privatisation policy and renamed it Ghandhara Industries Limited., engaged in the production of different Trucks and Bus models... The product range consists of different truck models in the light and medium duty category. The Company also manufactures light commercial vehicles and bus and load body fabrication... In addition over the years Company has been able to develop environmentally friendlier engines that have high combustion efficiency and low exhaust gases...
* Pakistan - Ghandhara Ind. Ltd, engaged in the production of different Trucks and Bus models
Karachi,Pakistan -The Business Recorder -February 1, 2012: -- Ghandhara industries are engaged in manufacturing, assembling and marketing of Isuzu trucks and bus chassis... It was set up in Karachi by General Motors Overseas Distribution Corporation of USA... In 1992 Bibojee Services (Pvt) Ltd. acquired it under the privatisation policy and renamed it Ghandhara Industries Limited., engaged in the production of different Trucks and Bus models... The product range consists of different truck models in the light and medium duty category. The Company also manufactures light commercial vehicles and bus and load body fabrication... In addition over the years Company has been able to develop environmentally friendlier engines that have high combustion efficiency and low exhaust gases...
* Germany - Volkswagen Begin SKD Assembly Of T5 In Indonesia
(Photo: VW multivan)
Wolfsburg,Germany -motoren -February 1, 2012: -- Volkswagen have announced that they are starting SKD assembly of their T5 in Indonesia and that by 2015, around 1,200 Volkswagen Transporters and Multivans are planned to roll off the assembly line in Indonesia’s capital, Jakarta...
Labels: truckmakers news worldwide
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