Ferronordic Machines AB Annual General Meeting 2012
The shareholders of Ferronordic Machines AB, 556748-7953 (publ), are hereby invited to attend the Annual General Meeting to be held at 2 pm (CET) on Monday May 28, 2012 in Stockholm.
The notice is available on the Company's website www.ferronordic.ru.
Contact person: Anders Blomqvist, Group CFO, Telephone: +46 70 7766 485
Ferronordic Machines is the Authorized Dealer of Volvo Construction Equipment in Russia. The Company began its operations in June 2010 and has since then shown strong growth:
- 2011 revenue of EUR 268m vs. EUR 74m in 2010
- 55 own outlets vs. 6 in June 2010
- 560 employees vs. 162 in June 2010
Ferronordic Machines has expanded all across Russia through its 55 outlets and is today well established in all seven federal districts. In addition to distributing and providing aftermarket support to Volvo CE machines, the Company has also been appointed Aftermarket Dealer for Volvo Trucks in Archangelsk in North-western Russia and in Eastern Moscow Region, as well as Dealer for Volvo Penta in Archangelsk and the Ural Region. The company has also signed up some other high quality brands such as LogSet, Logmax and several attachment manufacturers. The company intends to become a leading sales- and service company in the CIS markets.