OREANDA-NEWS. January 29, 2010. According to a recent release of the AvtoKrAZ management, an agreement was penned with the Government of Indonesia to deliver 50 heavy trucks to Indonesia by 2011. In addition, Indonesia stands ready to develop a system of post-sale service of KRAZ trucks and to commission a first line for assembly production of KRAZ trucks in that country.

Millennium Capital sees this news as being positive for the Company, and this news confirms the currently available demand for its goods. Millennium Capital thinks that entering new markets and strengthening its position in the new markets is vitally important for the Company, particularly in a situation when its traditional markets are weak. The Company is moving in the right direction, and this fact undoubtedly will give the positive results in the future as well as improve the current Company’s financials.