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Iran takes hold of African Volvo market

TEHRAN, Oct.22 (ISNA)-Iran's Saipa Diesel Co. export manager stated that the Volvo Company has given the entire share of the African market to Iran.

"Based on the signed contracts between our company and the Volvo, the entire share of the African market is given to Iran and in one year period, Iran is to export two thousand trucks with various models of FM12, FM9, FH12 and NH 12 to the African markets," added Saipa Diesel Co. export manager.

The export program is to begin in late November.

"The total value of these trucks is over 130 million dollars and we have exported 71 trucks to Kuwait within 6 months and this is going to increase up to 200 trucks by the end of the year," he added.

"We will market for and export to Arabian countries in the Persian Gulf region separately," he asserted.

Iran is the world's fourth Volvo truck manufacturer with the annual manufacture of 10 thousand and 900 trucks per year.

... Payvand News - 10/22/06 ... --

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