AvtoKrAZ To Send 100 Trucks To Algeria

AvtoKrAZ (KRAZ: HOLD) signed a deal last week for 100 large trucks with the Algerian government. As part of the deal KRAZ will be the only official dealer of KRAZ trucks in Algeria. No further information about the deal was given. KRAZ sales were up 61% yoy in January. KRAZ also has announced plans to deliver 200 trucks to Georgia in 2007, roughly 4% of the company’s expected sales for 2007.