"Volvo Trucks has announced on Friday that its Hungarian subsidiary has signed a framework agreement for 1,500 trucks with local transport and logistics company Waberer's Optimum Solution. The financial details of the deal were not disclosed.The order recieved by Volvo Hungary Trading and Services Kft consists of 4x2 combinations of the Volvo FH model.
This is a long term commitment of Waberer's Optimum Solution and Volvo Truck Corporation where the previous frame agreement signed in 2006 concerning 1,000 trucks will be concluded in 2008.
Trucks are planned to be delivered before 2011.
The company's fleet currently consists of 2,300 vehicles and will encompass 1,600 Volvo trucks by the end of 2008.
Collaboration between the companies began in 1998, and since then Volvo Trucks has delivered on average more than 200 trucks to the company every year.
“This new order is an excellent milestone for celebrating 10 years of cooperation," Dávid Illés, Managing Director of Volvo Hungary, said in a statement.
Waberer's Optimum Solution is a privately owned supplier of transport services and operates in Hungary, Western Europe and Eastern Europe. It is the leading transports and logistics company in the Central Eastern Europe region and one of the top 20 freight forwarding and road transportation companies in Europe.
Volvo Trucks has operated in Hungary since 1997 and today has an established service network of one Volvo Truck Center in Budapest and nine privately owned workshops.
In 2007 Volvo Trucks delivered 771 trucks to the Hungarian market, 22% more than in 2006.
“We see strong economic development in Central Eastern Europe, mainly due to foreign investments, industrial development and growing activities in the construction segment," said Tom Jorning, Managing Director of Region Central Eastern Europe at Volvo Trucks."
Source: Portfolio Online Financial Journal
01.07.2008