AvtoKrAZ Production Down 5.1% yoy In September.
9 October 2008
AvtoKrAZ (KRAZ: HOLD) lowered production by 5.1% yoy in September or by 17 trucks. Olha Pankiv: KRAZ production is down 13.1% yoy over 9M06, lower than our forecasts by about 25%, due mostly to the failure of the company’s Iraqi contract to materialize. We are placing our recommendation under review.
