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Indiaexportnews.com

PACCAR Vehicles Generate Strong Parts

  30.07.2007    

"PACCAR is investing over $1 billion in research, development and capital investment programs, in the near term, to support enhancements to its high-quality products, efficient facilities, aftermarket services and information technology," shared Mark Pigott, chairman and chief executive officer.  "In addition to the new engine plant being constructed in Mississippi, there are major investments underway at every truck plant to increase manufacturing efficiency by 20 percent, and develop new product ranges at DAF, Kenworth and Peterbilt, as well as update PACCAR Financial's customer service software and expansion of PACCAR's Asia activities.  In Europe, the DAF XF105, International Truck of the Year 2007, powered by the new PACCAR MX 12.9-liter engine, has enabled DAF to reach record build levels, with additional production increases scheduled for the fourth quarter.  In North America, Kenworth's new industry-leading T660 has set the industry standard for aerodynamic performance and efficiency and Peterbilt's exciting new range of Class 5-8 vehicles continues to generate enthusiastic market acceptance."
"In Mexico, where PACCAR is the market share leader at 36 percent, the industry is projected to reach 32,000 units in 2007," commented Tom Plimpton, president.  "PACCAR Mexico's new $74 million factory has increased capacity by 50 percent and is producing the highest-quality vehicles to meet this unprecedented demand.  In addition, Kenworth's U.S. and Canadian manufacturing facilities are building trucks for the Mexican markets."
"The number of PACCAR vehicles in service worldwide has increased by over 25 percent in the last five years and now totals over 1,500,000 vehicles, providing a solid foundation for future revenue growth," commented Rick Gorman, PACCAR vice president and PACCAR Parts General Manager.  "As a result, PACCAR Parts is increasing its investment in new parts distribution centers (PDC's) to provide industry-leading customer service levels.  The recently opened Oklahoma City PDC and the new Budapest Hungry PDC under construction, in addition to new logistics systems for dealer and customer use, are generating 15 percent revenue growth."
PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates.  It also provides financial services and information technology and distributes truck parts related to its principal business.



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