09-04-2004, 12:38 AM
Swedish firm begins truck production
Liaquat Ali Jatoi, the federal minister for industries and production, Tuesday has invited Volvo Company to assemble cars and buses in Pakistan to get market share in the auto sector.
He said this while addressing launching ceremony of worldâs renowned Volvo FM Truck of VPL Limited, a Swedish company here.
The minister inaugurated the FM truck on behalf of the Prime Minister Chaudhry Shujat Hussain due to his other important engagements. He said there is huge demand of cars and due to this the local car assemblers are not timely delivering the vehicles to the customers.
He said that the government would provide all assistance to the Volvo Company for assembling cars and buses in Pakistan and also stressed the need for transfer of technology.
In the past, Volvo implemented a comprehensive urban transport project in the city of Lahore, funded by Swedish government. Over the years, Volvo has also played an important role in the development of the road network in Pakistan, as Volvo dump trucks have been extensively used by both Pakistani and foreign companies working in this sector.
The Volvo FM truck will bring new technology standards and quality product at affordable price. It will be an important breakthrough in the construction industry and in the automobile sector.
It will play a very important role in the development of engineering sector of Pakistan by promoting and encouraging vendor industry in the private sector. Volvo FM truck will be a trendsetter in the production of commercial vehicles involving high level of technology and international standards, he maintained.
Mr Jatoi said greatest potential of Pakistan, after the textile sector, lies in the engineering sector and hoped that the introduction of FM truck launched by VPL Limited will help Pakistanâs transport sector to develop and achieve international standards, and inspire others to invest in this sector.
Kanooz Mohyuddin, managing director of VPL Limited, in his welcome address, asked the government to improve oil efficiency and make legislation for good vehicles on the road. He said the company would invest more in this sector.
Thomas Thurison, marketing manager of Volvo Swedish-Pakistan Company, said Volvo is a large producer of truck and buses in the world and have 130 markets. He asked the government to implement the EURO-3 standards in Pakistan.
Deputy chief of mission of Swedish embaasy in Pakistan also addressed on the occasion and said that the commercial relations between the two countries are expanding and Swedish investors are interested to invest in Pakistan. He said that Volvo has played a role in the road network in Pakistan and also helped in the environmental areas
This news is quoted from this source
http//www.dailytimes.com.pk/default.asp?p...25-8-2004_pg5_8
Liaquat Ali Jatoi, the federal minister for industries and production, Tuesday has invited Volvo Company to assemble cars and buses in Pakistan to get market share in the auto sector.
He said this while addressing launching ceremony of worldâs renowned Volvo FM Truck of VPL Limited, a Swedish company here.
The minister inaugurated the FM truck on behalf of the Prime Minister Chaudhry Shujat Hussain due to his other important engagements. He said there is huge demand of cars and due to this the local car assemblers are not timely delivering the vehicles to the customers.
He said that the government would provide all assistance to the Volvo Company for assembling cars and buses in Pakistan and also stressed the need for transfer of technology.
In the past, Volvo implemented a comprehensive urban transport project in the city of Lahore, funded by Swedish government. Over the years, Volvo has also played an important role in the development of the road network in Pakistan, as Volvo dump trucks have been extensively used by both Pakistani and foreign companies working in this sector.
The Volvo FM truck will bring new technology standards and quality product at affordable price. It will be an important breakthrough in the construction industry and in the automobile sector.
It will play a very important role in the development of engineering sector of Pakistan by promoting and encouraging vendor industry in the private sector. Volvo FM truck will be a trendsetter in the production of commercial vehicles involving high level of technology and international standards, he maintained.
Mr Jatoi said greatest potential of Pakistan, after the textile sector, lies in the engineering sector and hoped that the introduction of FM truck launched by VPL Limited will help Pakistanâs transport sector to develop and achieve international standards, and inspire others to invest in this sector.
Kanooz Mohyuddin, managing director of VPL Limited, in his welcome address, asked the government to improve oil efficiency and make legislation for good vehicles on the road. He said the company would invest more in this sector.
Thomas Thurison, marketing manager of Volvo Swedish-Pakistan Company, said Volvo is a large producer of truck and buses in the world and have 130 markets. He asked the government to implement the EURO-3 standards in Pakistan.
Deputy chief of mission of Swedish embaasy in Pakistan also addressed on the occasion and said that the commercial relations between the two countries are expanding and Swedish investors are interested to invest in Pakistan. He said that Volvo has played a role in the road network in Pakistan and also helped in the environmental areas
This news is quoted from this source
http//www.dailytimes.com.pk/default.asp?p...25-8-2004_pg5_8
