AvtoKrAZ Production Rises 49% yoy in 3M07 to Record Highs

AvtoKRAZ (KRAZ: HOLD) increased production by 48.9% yoy in 3M07 to 1,011 units (76.7% export). According to a company press release (via Ukrainian News), these are the best output numbers the company has had in 12 years. AvtoKrAZ increased truck production by 2.2% yoy to 3486 vehicles in 2006 and is planning to produce a total of 4,200 units in 2007 (+20% yoy).