Category: PKC Group


Efter en tid där åkeriernas investeringar i nya fordon i stort sett varit obefintliga finns det en grogrund till optimism från åkeriernas sida vad gäller nyinvesteringar.

Orsaken är att åkerierna sedan sensommaren och den tidiga hösten har märkt av ett ökat tryck av förfrågningar och transporter.

Det visar en rundringning till ett antal svenska åkerier som Nyhetsbyrån Direkt gjort.

Ett åkeri där tecknen är tydliga på att läget ljusnat betydligt den senaste tiden, inte minst under den senaste månaden, är Ahréns Åkeri i Södertälje.

“Nu ser vi tecken på att det börjar rulla igen. I den senare delen av sommaren nådde vi nog botten och sen har det under september börjat röra på sig. Tittar man på förfrågningar och transporter så är det en klar förbättring jämfört med de tidigare månaderna”, säger Rolf Backman, vd vid Ahréns Åkeri och fortsätter:

“Alla indikationer som vi ser just nu pekar i en och samma riktning, det visar sig framför allt i att vi får fler förfrågningar. Många av mina kollegor runt om i landet har samma bild av nuläget, det blir allt mer att göra.”

Men det bättre läget på transportmarknaden innebär inte med automatik att åkeriernas investeringsplaner dammas av och implementeras fullt ut. Ska man döma av den bild som de åkerier som Nyhetsbyrån Direkt talat med så kommer det att dröja innan man når normala investeringsnivåer igen.

“Under 2010 kommer vi att återgå till vår långsiktiga investeringsplan. Även om det inte är fråga om samma antal beställningar som vi brukar lägga in ett normalt år, så kommer vi säkerligen att lägga in beställningar under 2010. Vi har redan börjat ta in offerter”, säger Rolf Backman.

Även om den övergripande bilden bland åkerierna är att nyinvesteringarna i fordonsparken kommer att skjuta fart från nästa år, finns det försiktighet i antagandena framåt.

Nils Hanssons Åkeri, som omsätter cirka 500 miljoner kronor årligen och som har 156 fordon i drift i utlandstrafik och i Sverige, är ett av de åkerier som har en mer försiktig syn på nyinvesteringar.

“Ser vi en uppgång i ekonomin så måste vi eventuellt börja investera i fordon igen. Om det inte förändras till ljusare tider nästa år så får vi ta oss en funderare om vi inte ska vi få över ännu mer volymer till tåg och kanske ställa av bilar helt enkelt”, säger Magnus Tornerhjelm, vd på Nils Hanssons Åkeri.

I stort sett samtliga åkerier som Nyhetsbyrån Direkt talat med bekräftar den bild som både Scania och Volvo vittnat om under en tid, att beställningarna av nya fordon ligger på mycket låga nivåer.

“På grund av lågkonjunkturen har vi dragit i handbromsen, vi har inte investerat i nya bilar under året och vi skjuter investeringar på framtiden tills det ser litet ljusare ut. Det här är inget som vi är ensamma om, de allra flesta aktörer har dragit ned investeringarna”, säger Magnus Tornerhjelm.

Bilden bekräftas av Rolf Backman vid Ahréns Åkeri.
“Den långsiktiga investeringsplan som ligger för oss har ju fått stryka på foten i år. Konjunkturnedgången har för oss inneburit ett tapp i omsättningen i storleksordningen 20 procent från november förra året, och det klart att det satt stopp för nyinvesteringar”, säger Rolf Backman.

Men bilden är inte alldeles entydig, en del åkerier, särskilt mindre, har fortsatt med sina investeringar i nya fordon och inte justerat för det bistra ekonomiska läget.

“Vi har inte gjort några förändringar alls med anledning av lågkonjunkturen, vi följer en långsiktig plan för fordonsflottan. Vi byter två bilar per år och det ligger en plan för två nya bilar nästa år”, säger en fordonschef vid ett mindre åkeri.

“Vi har i dag en del äldre fordon som måste bytas ut relativt snart, en del av dessa är uppe över 100.000 mil. Om vi inte vill gå ned i kapacitet, så måste dessa bytas ut inom en relativt snar framtid”, säger Magnus Tornerhjelm.

En konsekvens av att åkerierna under det senaste året nästan helt slutat investera i nya fordon är att serviceintervallen för åkerierna har ökat, vanligen en lönsam affär för lastbilstillverkarna.

“I normalfallet nyttjar vi fordonen fem år eller 100.000 mil, men nu ser det inte riktigt så ut, de rullar längre än så. När fordonen nyttjas längre ökar ju servicebehoven”, säger en fordonschef vid ett medelstort åkeri.

Att nuvarande fordon hos åkerierna rullat längre än vanligt gör också att behoven av nya fordon är större än i ett normalläge.


di.se – Ökad optimism hos åkerier.

Man SE CEO Hakan Samuelsson told the Financial Times the truck industry needs to “wait for real signs of improvement” and pre-crisis levels of demand for trucks won’t return before 2010. “We are seeing a levelling out at a low level and its difficult to see that it will get much worse in Europe, but real signs of recovery are still to come. Europe is down maybe half or more than half [but] Brazil and China are much more positive,” Samuelsson told the paper.

To recover to pre-crisis levels of demand “we probably have to wait until 2010,” he said. To get to volumes seen in 2007 “will take a year or two more than that, and you can, of course, also question will we reach it,” he added.

Dampening expectations of a recovery to peak levels last seen in 2007, he said: “We should maybe also not be too disappointed if the next peak is maybe a bit lower.”

Scania has signed a pan-European delivery agreement with the transport and logistics company DHL, which recommends Scania as a supplier of heavy trucks to the hauliers that act as contractors to DHL.

“The agreement opens the way for sales of about 1,000 new trucks per year,” says Urban Erdtman, Executive Vice President and Head of Scania Sales and Services Management.

According to the agreement, transport companies that act under the DHL PartnerStore programme are guaranteed access to trucks that meet DHL`s requirements and needs, for example in terms of the vehicles` cargo capacity, equipment level and environmental performance.

“With Scania as their supplier, DHL`s transport operators will gain access to a comprehensive, cross-border range of services that will guarantee the best possible transport economy and profitability,” Mr Erdtman says.

The delivery agreement is available to the hauliers that DHL relies on for transport services in Germany, France, Belgium, Netherlands, Luxemburg, Denmark, Finland, Norway, Sweden, Spain, Portugal and Italy. In Great Britain, a separate agreement also applies to purchases of trucks for DHL`s own fleet.

The range of standardised specifications includes distribution trucks featuring 9-litre engines and tractor units with 13-litre engines, all meeting Euro 5 emission standards.

DHL is one of the leading companies in international express deliveries, roadtransport and air freight services, as well as in maritime cargo and logistics solutions.

The agreement with DHL is being made by Scania`s corporate International Fleet Sales unit. This unit focuses on international and cross-border fleet sales, global account management and the coordination of added value service offerings from the Scania distribution network. By combining these resources, Scania can develop consistent and comprehensive solutions for its global customers.

Scania is one of the world`s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. A growing proportion of the company`s operations consists of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 35,000 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2008, invoiced sales totalled SEK 89 billion and net income amounted to SEK 8.9 billion.

* Hires 800 more staff for Brazil trucks/bus business
* To keep open U.S. plant slated to close next year
* Shares rise 0.1 percent in line with auto sector
(Adds comment from source on Fiat’s Iveco)

FRANKFURT/HAMBURG, Sept 30 (Reuters) – Daimler <DAIGn.DE> will hire 800 more staff for its Brazilian commercial vehicles business and keep open a U.S. truck plant as the two key markets show signs of reviving, the world’s biggest truckmaker said. The moves offer a glimmer of hope for commercial vehicle manufacturers slammed by the global economic crisis and could signal a broader uptick because truck sales often act as a leading indicator of economic health. But industry officials have warned against expecting any quick rebound for truckmakers until the global economy accelerates and boosts demand for goods transport.

“The hiring of new staff makes clear that we trust the Brazilian economy will see a slight upturn after the global economic crisis,” Mercedes-Benz do Brasil President Gero Herrmann said in a statement released in Germany. Daimler will also put 350 staff with term contracts and 160 apprentices onto unlimited contracts in Brazil given improved market conditions since mid-2009, especially in the agricultural, construction and mining sectors, it said. More than 12,600 people work at the Sao Bernardo do Campo plant there, Daimler’s biggest heavy truck plant outside Germany. Daimler also reversed a decision to close a U.S. truck plant next year thanks to prospects for a large U.S. military order and an uptick in demand for heavy trucks, it said.

Daimler had announced last October plans to close its Oregon plant in June 2010 as part of an overhaul of its North American operations to address a deep market slump. “The U.S. market for heavy trucks is showing a slight recovery month by month,” a Daimler spokesman said, citing in particular the end to the U.S. housing slump that was boosting demand from the construction sector. Talks with labour about the 650 staff in Oregon were under way. He gave no details about the size of the military contract.

GLOOM, NOT BOOM

Daimler’s upbeat view comes in strong contrast to the gloom truckmakers have spread for two years.
“The drop in economic activity and transport has pushed truck production down to half of pre-crisis levels and there are no real signs of recovery in sight,” the ACEA association of European vehicle manufacturers said last week. The heavy truck market in Europe fell nearly 48 percent in the first eight months of the year.
The order intake for heavy trucks in Europe stalled at around 25,000 units in the first half of 2009, down 85 percent from the same period of 2008, forcing manufacturers to lay off temporary staff, reduce working hours and cut shifts. Europe’s commercial vehicle industry employs about 1.5 million people directly and indirectly, according to ACEA.  Michel Rollier, chief executive of French tyremaker Michelin <MICP.PA>, said at this month’s Frankfurt Motor Show that the truck market was still struggling and “we’re not seeing much recovery”. [ID:nL0511183] Rival truckmakers pointed out that the Brazilian market is not the best litmus test for the rest of the world.

“South America hasn’t been hit as severely by the financial crisis. As for Brazil, the situation is somewhat better (than elsewhere) — demand is fairly good there because of tax incentives which make trucks 5 percent cheaper,” said Marten Wikforss, a spokesman for world number two Volvo.  Brazil’s banking system is also functioning well, which means credit is available for buying vehicles. Volvo truck deliveries in South America fell 35 percent year on year in August, while group deliveries shrank 52 percent.  Scania <SCVb.ST> <VOWG.DE> spokesman Hans-Ake Danielsson agreed that demand in Brazil was “comparatively good”. “We haven’t lost nearly as much there as we have lost in Europe,” he said, but added it would not need more staff to meet demand. Scania has a market share of 23-25 percent in Brazil.   Daimler said it had around a third of the heavy truck market and half the bus market in Brazil in August.

“For industrial vehicles, all of Latin America and in particular Brazil are in a phase of expansion,” said a source at Fiat SpA’s <FIA.MI> truck unit Iveco.   Iveco is increasing production capacity and last September inaugurated a new production line at Sete Lagoas, tripling the capacity to 20,000 lorry units a year for an investment of 80 million real, the source said.

* Scania CEO says market still at low level
* Says destocking phase largely over, inventories normalised
* Expects real level of demand to become clear during autumn

SODERTALJE, Sweden, Sept 17 (Reuters) – Truck maker Scania’s top executive said on Thursday that economic gloom still dominated heavy truck markets and while demand is not falling any longer, there was no real sign it is improving. “The bright point is that it (the market) has not continued even further down. It looks to have bottomed out,” Scania Chief Executive Leif Ostling told Reuters on the sidelines of a capital market day.  Ostling said he expected the underlying demand picture to become clearer during the autumn.

“What happens next year will largely depend on what position the banks will be in,” he said. The Swedish heavy-duty truck and bus maker just barely stayed profitable in the second quarter, pummelled by the steepest fall in demand in decades as the global financial crisis cut years of easy credit. Still, signs of some stabilisation in the highly-cyclical market for commercial vehicles have emerged in recent months though clear evidence of any recovery remains distant.

Earlier this week, Scania’s larger domestic rival Volvo said its truck shipments, while still dismal, fell slightly less year-on-year in August than in the preceding month. Ostling said the phase of scaling back inventories that has worsened the slump in truck markets was largely over, leaving the company able to raise its production level despite the continued weak demand. “I don’t think we should be too bullish over these signals and say that now it’s over again and steaming up,” Ostling told analysts at Scania’s headquarters, south of Stockholm.

“I think we have to be cautious also next year because the financial system is still in such a bad shape.” Scania shares were up 0.9 percent to 88 crowns by 0836 GMT, narrowly outperforming a 0.4 percent gain in the Stockholm bourse’s blue chip index. Inventory levels had normalised in most regions while the second-hand truck market, which has seen a glut of modern vehicles as operators cut their fleets due to the downturn, had also stabilised, Ostling said.

The financial crisis has seen credit dry up for many small- and mid-size transport firms, leaving them unable to finance purchases of new commercial vehicles and exacerbating the impact of the economic downturn. “Balance sheets of some banks are in a pretty bad shape. The size of the impairments that banks will have to do will decide how much liquidity will be available for us in the industry,” Ostling said. This will determine the timing of a recovery in demand in truck markets, he added. “If this is a slow process it will be more like a 1980s scenario, and if they have low impairments it may be more like the 1990s with a faster recovery.”

Total deliveries from the Volvo Group’s truck operations in August amounted to 7,109 vehicles. This was a decrease of 52% compared with the year-earlier period. In addition to continued low demand, deliveries for August were also affected by a prolonged vacation period.

Volvo Group

Total deliveries by market for the Volvo Group’s truck operations (Volvo Trucks, Mack, Renault Trucks, Nissan Diesel and Eicher).

Delivered Units

August

Change

Year-to-date

Change

Volvo Group

2009

2008

2009

2008

Europe

1 411

5 000

-72%

31 692

86 817

-63%

Western Europe

1 153

3 418

-66%

28 756

67 061

-57%

Eastern Europe

258

1 582

-84%

2 936

19 756

-85%

North America

1 267

1 901

-33%

10 133

19 884

-49%

South America

989

1 517

-35%

7 080

11 671

-39%

Asia

2 637

4 617

-43%

19 915

38 038

-48%

Middle East

204

1 157

-82%

3 742

10 685

-65%

Other Asia

2 433

3 460

-30%

16 173

27 353

-41%

Other markets

805

1 676

-52%

9 083

13 189

-31%

Total Volvo Group

7 109

14 711

-52%

77 904

169 599

-54%

Light duty (< 7t)

1 290

2 115

-39%

14 267

29 576

-52%

Medium duty (7-16t)

1 437

2 405

-40%

12 627

20 910

-40%

Heavy duty (>16t)

4 383

10 190

-57%

51 011

119 113

-57%

Total Volvo Group

7 109

14 711

-52%

77 904

169 599

-54%

(1) VE Commercial Vehicles Limited was consolidated (50%) into the Volvo Group 1 August 2008.

via Truck deliveries in August 2009 – Press releases : Volvo Group – Global.

Government of Karelia and PKC Group Oyj (Finland) have signed the Agreement on Cooperation and Interaction. Its purpose is to undertake joint actions directed on minimization of consequences of financial and economic crisis and maintenance of effective and steady work of enterprises of the concern in Kostomuksha. From the Government of republic the Agreement was signed by Prime Minister Pavel Chernov, from the Concern – by its President Harri Suutari.

PKC Group Oyj owns four enterprises operating in Karelia, the most famous of which is Karhakos. According to Harri Suutari, financial crisis has caused conditions extremely adverse for further work of enterprises, and they became noncompetitive. In January management of the Concern has requested assistance from the Head of Karelia Sergey Katanandov, who has initiated a working group to studying situation at the enterprises. Then the decision was made to signing the Agreement on Cooperation.

– The Agreement we have signed observes interests of the Governments of Karelia, and of the Concern, – Prime Minister Pavel Chernov has told. – We are interested to keep the Concern’s presence in the republic. Obligations undertaken by the Government are to be executed by all means.

For example, to preserve the number of employees of the enterprises of the Concern the Government undertakes to assist in participation of enterprises in the regional program of employment of population in the republic. Also it undertakes to consider granting income and corporate property tax exemptions. A number of other obligations is also stipulated.

President of the PKC Group Oyj Concern Harri Suutari noted that he was glad to sign the Agreement. «We know what to do to help the enterprise to survive, to help it stay in the Russian market,» – President of the Concern has told. Now some problems have been worked through and solved. In particular, the basic community of workers of enterprises of the Concern is preserved, which makes 700 people.

According to the Agreement, the concern undertakes to take measures on preservation of production, provide steady work of enterprises, preserve the number of employees of enterprises and their employment and exclusion of mass lay-offs. Besides, at the enterprises there should be preserved operating social programs and, workers should receive wages in due time. All these obligations, according to the President of the PKC Group Oyj Harri Suutari, are usual work for the Concern, now only issued in official frameworks.

Prime Minister Pavel Chernov has wished good luck to enterprises in the period of hard work for them. He has also informed, that the created working group will continue to keep track of the situation at enterprises of the Concern, and the Government of Karelia will held them whenever possible. Harri Suutari, in turn, has asked to convey thanks to the Head of Karelia for support already rendered to the Concern.

via 18.08.2009 – Government of Karelia and PKC Group Oyj have signed the Agreement on Cooperation and Interaction.

Volkswagen <VOWG.DE> expects demand for commercial vehicles to gradually improve from the second half of this year until the end of 2010, the commercial vehicle division’s head told Reuters.  “There is a moderate upward movement, but at a low level. I expect that there will be no substantial change next year either,” Stephan Schaller said in the interview published on Wednesday.

The company plans to crank production at its Hanover plant back up to a normal level next month, having cut back output by about a quarter earlier this year to offset slumping demand.

Schaller also said that plans for cooperation with Scania <SCVb.ST> and MAN SE <MANG.DE> were intended to progress slowly, meaning no quick updates could be expected on the matter.

* Q2 loss 1 ct/share ex-items; Wall St view EPS 4 cts
* Sales down 55 percent at $1.85 billion
* Says challenging market conditions continuing
* Shares fall as much as 12 percent

CHICAGO, July 28 (Reuters) – Paccar Inc <PCAR.O> said on Tuesday that quarterly earnings plunged more than 90 percent as a weak freight market walloped demand for its trucks and forced it to idle some plants.
The company warned that challenging market conditions were continuing, especially in Europe, where it lowered its forecast for 2009 industrywide truck demand and provided an initial glimpse at 2010 that shows sales plunging to levels last seen in 1992.The news sent its shares down as much as 12 percent.

JPMorgan analyst Ann Duignan called the truck market outlook “sobering.” Paccar, which makes vehicles under the Peterbilt, Kenworth and DAF brands, reported second-quarter profit of $26.5 million, or 7 cents a share, down from $313.5 million, or 86 cents a share, a year earlier.

Excluding a one-time gain, Paccar reported an operating loss of 1 cent a share. Analysts on average had expected the Bellevue, Washington-based company to report operating earnings of 4 cents per share, according to Reuters Estimates. Sales fell 55 percent to $1.85 billion.

Paccar forecast industrywide retail sales of the biggest on-highway trucks in the U.S. and Canada at 100,000 to 110,000 vehicles in 2009, “reflecting continued economic weakness, specifically in lower housing starts and auto production.”

NO ‘PREBUY’

Truckmakers had hoped 2009 would be a good one for demand, thanks to tough U.S. clean air rules that take effect in 2010. The regulations, which require more efficient — and more expensive engines — were expected to prompt fleet owners to stock up on cheaper trucks now. But the recession and credit crunch have effectively killed those hopes. During a conference call to discuss Paccar’s earnings, Mark Pigott, the company’s chief executive, said: “It’s going to be challenging certainly through the end of this year.”

Looking forward to next year, Paccar predicted sales in the United States and Canada would improve slightly and be in the range of 110,000 to 140,000 vehicles.

Industry retail sales in the region peaked at 322,500 units in 2006, ahead of clean-air rules that took effect in 2007 and triggered the sort of “prebuy” truckmakers were counting on this year.

The company cut its estimate for industrywide heavy truck sales in Europe to between 170,000 and 180,000 vehicles, down from its April forecast of 180,000 to 220,000. And next year, it said they could fall again, to as low as 150,000 units. Pigott said Paccar remains committed to pricing discipline.

But he acknowledged that industrywide prices had fallen over the past two years and that the $8,000 to $10,000 premium most analysts expect will be added to truck prices as a result of the new 2010 regulations would come on top of this year’s lower price levels, not the higher ones that prevailed earlier this decade.

Paccar shares were down $3.72 or 10.5 percent at $31.57 in early afternoon trading after falling as low as $30.97.

New heavy truck registrations halved in May -49.6% compared to the same month last year, with total registrations stalling at 13,342 units. In Western Europe, the downturn ranged from 38.8% in France to 39.9% in Germany, 51.7% in the UK, 55% in Italy and 79.5% in Spain. In the new EU Member States, results dropped even more sharply, by 64.5% in the Czech Republic, 66.2% in Poland and 79.6% in Romania. Five months into the year, the trend was similar, with markets decreasing by 32.2% in Germany, 33.5% in France, 44.1% in Italy, 47.5% in the UK and 77.1% in Spain. In the new EU Member States, new registrations were down 57.7% in the Czech Republic, 66.5% in Romania and 68.5% in Poland, resulting in an overall decline of 44.6%.

via ACEA – European Automobile Manufacturers’ Association.