Our markets

Our markets

Ferronordic is an official dealer of Volvo Construction Equipment, Volvo and Renault Trucks and certain other brands in Russia, Germany and Kazakhstan. We have more than 90 workshops and points of presence and about 1,500 employees that provide around-the-clock service and repairs for our customers in these markets.

Russia

Ferronordic is the authorized dealer of Volvo Construction Equipment in Russia since 2010. Our machine range includes excavators, articulated haulers, wheel loaders and more. Our machines are used for various types of construction projects, mining, and in the logging industry. In addition to Volvo Construction Equipment we also represent Dressta, Mecalac and Rottne and are an authorized aftermarket partner for Volvo and Renault Trucks in parts of Russia.

Currently Russia, together with Kazakhstan, accounts for about 80% of the Group’s revenue. We see significant long-term growth potential in the construction equipment industry in Russia as much of the country’s infrastructure was built during the Soviet era and needs wide-scale upgrades. Russia is also rich in commodities and the continued extraction and refinement of these natural resources, as well as the construction and maintenance of the infrastructure required for this, will be an important driver for growth.

We also offer contracting services in Russia where we own and operate machines on behalf of customers mainly in the mining industry. Since 2019 we also offer recycled components and rebuilt machines from our Machine and component Rebuild Centre.

Kazakhstan

Ferronordic became an authorized dealer of Volvo Construction Equipment and Mecalac in Kazakhstan in 2019. As in Russia, the Kazakh machine market is shaped by an economy based on oil and other natural resources. There is an increasing need to expand and upgrade the country’s infrastructure. Except for rigid haulers, the Kazakh market for high-quality machines is still relatively small and therefore, in our view, has great growth potential thanks to continued infrastructure investments, economic development and increasingly sophisticated customer needs.

Germany

Germany is Europe’s largest market market for heavy duty trucks. Our activities in Germany include sales of new Volvo and Renault Trucks, sales of used trucks, rental of trucks, as well as service and technical support of trucks and other commercial vehicles. Our sales area in Germany represents approx. 20% of the entire German truck market (based on registrations). Our strategy is to continue to grow and improve our network and organisation to increase the market share of Volvo and Renault Trucks and increase our share of the total aftermarket business in our sales area.