Thursday, September 17, 2009

Scania Trucks to Increase Production

Manufacturer believes that market recovery starting
Shipping News Feature

SWEDEN – Truck manufacturer Scania has revealed that they believe the world economic recession is levelling off and that they are stepping up production at their plants in the anticipation of an improvement in the financial climate and a subsequent improvement in their markets.

Leif Östling, President and CEO of Scania, said that: “We believe that the downturn has levelled off, even if the activity level remains low among our customers”

“We are increasing our production compared to the second quarter [though] the third quarter is seasonally weak due to holiday periods in many markets,” said Jan Ytterberg, Scania’s Chief Financial Officer.

The company also today unveiled their new R-series truck. Mr Östling said: “We are working hard to reduce our costs in response to weak demand, but at the same time we are preparing for the next upturn phase. Today’s launch will further strengthen our product range.

“Together with continued streamlining of Scania’s production system and service network, this will provide a great opportunity for strong and profitable growth when the market eventually turns around.”

(pic: © Scania)