Engine Boom in Brazil; Scania Increases by 175 Per Cent.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Dec. 4, 2001 Since January this year, Scania has increased its engine sales in Brazil by 175 percent. The boom is the result of the country's energy crisis, which has substantially increased the demand for diesel-powered generating sets. Earlier this year, the Brazilian government introduced rationing rationing, allotment of scarce supplies, usually by governmental decree, to provide equitable distribution. It may be employed also to conserve economic resources and to reinforce price and production controls. in certain areas to avoid widespread electricity shortages. The energy crisis has hit both private consumers and companies. As a result of electricity rationing, many companies have decided to secure their own electricity supplies by purchasing generator generator, in electricity, machine used to change mechanical energy into electrical energy. It operates on the principle of electromagnetic induction, discovered (1831) by Michael Faraday. sets. For Scania, this has prompted a strong rise in sales. "We expect to deliver about 2,400 engines this year," says Lennart Hjelte, Senior Vice President Scania Industrial and Marine Engines. "This is roughly three times more than we sold last year, and our market share has risen to about 40 percent." Scania has its own engine production unit and sales organisation in Brazil, a factor that makes it possible for the company to be in the right place at the right time. "The fact that we are on site in Brazil and can offer service throughout the country is naturally an important ingredient in our success," explains Lennart Hjelte. Scania supplies engines to several generating set manufacturers in Brazil, such as Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. , Chicago Pneumatic pneumatic /pneu·mat·ic/ (noo-mat´ik) 1. pertaining to air. 2. respiratory. pneu·mat·ic adj. 1. Of or relating to air or other gases. 2. and SMDO. Maquigeral is an important local manufacturer, also using Scania engines for many years now. Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 26,900 employees and production facilities in Europe and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Scania is one of the most profitable companies in its sector. In 2000, turnover totalled SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 53,800 million and the result after financial items was SEK 4,500 million. Scania products are marketed in about 100 countries worldwide and some 95 percent of Scania's vehicles are sold outside Sweden. Scania press releases are available on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , www.scania.com Note to Editors: This press release is also accessible online at www.waymaker.net. |
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