AvtoKrAZ Production Up 76.4% yoy.
10 October 2008
The company has produced 2641 trucks yoy. Cargo trucks make up ~60% of AvtoKrAZ?s total production, followed by dump-trucks at 35.7%. Concorde Capital: We expect AvtoKrAZ (KRAZ: BUY) to produce ~10% less trucks than the 4,150 we initially projected for 2005 as the large Iraqi contract, that was to be signed in April, is still pending. To some extent the planned deliveries to Iraq have been substituted by higher than expected exports to other countries.
