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. As of September 2022, we are also responsible for service, sales and repairs of Sandvik mobile crushers and screens in most of the country. 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.
Ferronordic is an official dealer of Volvo and Renault Trucks and Volvo Construction Equipment and certain other brands in Germany and Kazakhstan. We have more than 28 workshops and points of presence and about 450 employees that provide around-the-clock service and repairs for our customers in these markets.
Ferronordic became an authorised dealer of Volvo Construction Equipment and Mecalac in Kazakhstan in 2019. As of September 2022, Ferronordic is also responsible for service, sales and repairs of Sandvik mobile crushers and screens throughout the country. 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.