AvtoKrAZ Announced Deliveries
OREANDA-NEWS. February 19, 2010. According to the recent AvtoKrAZ press service release, the Company has delivered over 30 KrAZ trucks to Russia's machine-building, oil- and gas- producing companies in February. In addition to the above deliveries, the Company is to ship another consignment of KrAZ chassis in late February.
Millennium Capital does not believe the news about the Company deliveries is sufficient for us to believe that AvtoKrAZ will increase the level of its revenues in the current year, as has been announced before (the estimated output of the Company in 2010 is 2,400 hard trucks), and will reach its 2008 level output.
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