Ferronordic Machines Annual General Meeting 2013
The shareholders of Ferronordic Machines AB, 556748-7953 (publ), are hereby invited to attend the Annual General Meeting to be held at 1.30 pm (CET) on Monday May 20, 2013 in Stockholm.
The notice is available on the Company’s website www.ferronordic.ru
For further information, please contact: Anders Blomqvist, Chief Financial Officer, Ferronordic Machines AB, Tel: +46 70 7766 485 Ferronordic Machines AB, Hovslagargatan 5B, 111 48 Stockholm, Sweden.
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:
- 2012 revenue of EUR 276m vs. EUR 74m in 2010
- 69 own outlets vs. 6 in June 2010
- 654 employees vs. 162 in June 2010
Ferronordic Machines has expanded all across Russia through its 69 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 as well as Dealer for Volvo Penta in certain parts of Russia. The company has also signed up some other high quality brands such as LogSet and several attachment manufacturers. The company intends to become a leading service- and sales company in the CIS markets.
Your subscription is now saved and you will receive an e-mail to verify your address and activate your subscription.
Latest press releases
Ferronordic and Sandvik enter into distributor agreements for Germany and Kazakhstan and terminate agreements for Russia
Ferronordic has entered into agreements to become distributor for Sandvik mobile crushers and screens in Germany and Kazakhstan. Simultaneously, Ferronordic and Sandvik have terminated their agreements for Russia.
Ferronordic and Volvo CE agree to terminate dealer agreement for Russia
Ferronordic and Volvo CE have agreed to terminate the dealer agreement for Russia. As part of the agreement, Volvo CE will pay SEK 321m to Ferronordic as compensation for incurred and potential costs and losses related to the termination.