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Feb 8, 2017

SCANIA * Thailand & Sweden - Sales of trucks continue to grow

* Bangkok / Thailand - Scania Siam allots B800m for assembly on the back of rising investment in the public and private sectors


--- Scania Siam Co, the local arm of the Swedish bus and truck maker, is set to spend 800 million baht to build a new assembly facility for tractors and bus chassis in Thailand, with operation scheduled to new assembly facility for tractors and bus chassis in Thailand, with operation scheduled to start in 2018... Scania has its own assembly plant in Samut Prakan with an annual capacity of 600 units, covering buses and trucks. The company reported yesterday it delivered 424 trucks last year, a record high and gain of 149.4% from 170 units sold in 2015... 
 Bangkok, Thailand - The Bangkok Post - 8 Feb 2017


 ** Södertälje / Sweden  - Swedish truck and bus maker Scania forms venture fund

--- Sweden-based Scania, a maker of heavy trucks and buses, is launching Scania Growth Capital, a venture fund. No target was specified. The firm is seeking to invest in “promising, innovative and entrepreneurial companies” ... Scania Growth Capital will be exclusively operated and advised by an external investment team with extensive experience from venture and growth capital business as well as from the automotive industry... Scania is already active in several partnerships that drive the shift towards sustainable transport systems, both with customers, academia and other tech-companies. This initiative reaches a segment of complementing companies, giving Scania an opportunity to tap into early development and innovation that is industry-relevant, but outside its own core operations. It also provides a platform where Scania can contribute with a large ecosystem, as well as broad and deep industry knowledge, which will add great value to the portfolio companies...
(Photo: Scania truck manufacturer headquarter in Sodertalje, Sweden)   --   Södertälje, Sweden - PRNewswire/PEHUB, by Iris Dorbian - February 2, 2017

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