AvtoKrAZ To Deliver 200 Trucks To Georgia
10 January 2008
AvtoKrAZ (KRAZ: HOLD), Ukraine’s only large truck producer, announced yesterday that it had signed a contract for the delivery of 200 trucks to Georgia. The exact terms of the deal were not disclosed. As part of its plan to target markets in the Caucuses, Middle East and Africa, KRAZ built a service center in Georgia in 2006 and delivered over 110 trucks to the country. As of 11M06, the company had sold 3443 trucks an increase of 13.9% yoy and saw its sales jump by 30% mom in Novmeber when it sold a record number of trucks (534) following the Moscow International Auto Show. Olha Pankiv: This delivery to Georgia will bring ~USD 7 mln to KRAZ (4% of the sales amount we expect for 2007).
