Volvo Malaysia Forecasts Sales for 2007

Volvo Malaysia, a wholly-owned subsidiary of Sweden-based AB Volvo Group, sees strong demand for trucks and prime movers in a market and expects this year sales of 350 units, worth more than RM 100 million.
“The demand for trucks in Malaysia remains strong in a very competitive market,” said Goran Nyberg, Managing Director, as quoted on Business Times Malaysia.
Nyberg added that besides persistent strong demand from its traditional customers like the hauliers and freight forwarders, sales should also be boosted by the company’s new focus on selling to specialized players like those in the petrochemical and general cargo industries.
Volvo Malaysia is edging closer to its all-time high of 500 units in 1997, delivering a total of 315 trucks which enabled Volvo Malaysia to capture more than 13 per cent of the overall heavy truck market last year. Furthermore, prime movers made up about 40 per cent of the total sales hitting 33 per cent of the prime mover segment.
“Market demand for prime movers especially has been on the uptrend for the past few years. It won’t be long before we breach our record high,” according to Volvo Malaysia truck sales director Lim Eng Loon.
The company currently has 13 service centers, which most of them located in areas around Kuala Lumpur and southern part of the country, to provide good after-sales services to remain competitiveness in the market.

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