Volvo 2011 Annual Report Download - page 19

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The market for trucks over 12 tons in Russia
No. of trucks, thousands
00
44
01
51
02
46
03
52
04
58
05
67
06
90
07
116
08
110
09
37
10
62
11
106
106
Volvo Group net sales in Russia, SEK bn
00 11
8.9
0.2
Russia
• Area: 17,075,000 km2 (the largest country in the world)
• Population: 141.8 million
• Capital: Moscow with 10.2 million inhabitants (2008)
• Other big cities: St Petersburg (4.6), Novosibirisk (1.4),
Jekaterinburg (1.3), Nizjnij Novogorod (1.3)
• GDP per capita: USD 10,522 (2010)
Volvo Group in Russia
• Number of employees: 1,644
• Production: Truck factory in Kaluga. Excavator factory
under construction in the same city
• Net sales: SEK 8,895 M, 3% of Group sales
• Volvo – the largest fleet of Western trucks consisting of
more than 55,000 vehicles
including the Volvo EC210, EC240, EC290, EC360 and
EC460, with production planned to begin in the first quarter
of 2013.
“The new investment in Russia is part of our strategy to
build machines where they are sold and thanks to a strong
partnership with our Russian dealer, Ferronordic, our cus-
tomer base is growing significantly in the country,” says
Head of Volvo Construction Equipment, Pat Olney.
At the same time, the distributor Ferronordic Machines
is implementing substantial investments in the distribution
network in the vast country. Ferronordic Machines plans
to invest in the region of EUR 100 M in the expansion of
its regional distribution network and will open as many as
60 new branches in the country by the end of 2015. This
will provide for a presence in all of Russia – from the Baltic
Sea to the Pacific Ocean.
141.8
million
inhabi tants
15