Major order for Volvo Trucks from Iran

MAJOR ORDER FOR VOLVO TRUCKS FROM IRAN Volvo has received an order for 1,500 F12 kits from Iran. The value of the deal corresponds to some SEK 0.5 billion. Deliveries are expected to becompleted during the first half of 2000. This agreement was signed by the president of Volvo Trucks,Karl-Erling Trogen, and the president of Saipa Diesel, Hashem Zarc. "Iran is a very important market for Volvo Trucks and this order will help us to consolidate our position as the market leaders in the heavy transport sector. It is also a special order in historical terms. These will be the last F12 trucks that are built and this order therefore represents the end of the F12 era," Trogen said. Volvo's operations in Iran date back over a long period and, during the past 40 years, 40,000 heavy-duty trucks have been sold in the country. Saipa Diesel is a state-owned company which assembles trucks at its facilities. In addition to the material that is supplied in kits, some local production takes place in Iran. December 21, 1999 For more information, please contact: Tommy Kohle, Tel: +46-31-66 65 17, mobile phone: +46-706-76 65 17 e-mail: vtc1.kohle@memo.volvo.se Volvo is a world-leading manufacturer of trucks, buses and construction equipment, marine and industrial engines and aerospace components. Volvo is strongly associated with quality, safety and concern for the environment Volvo's head-office is in Göteborg, Sweden. Annual sales in 1998 amounted to more than USD 14 billion, with about 52,000 employees ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/21/19991221BIT00040/bit0001.doc http://www.bit.se/bitonline/1999/12/21/19991221BIT00040/bit0002.pdf