Scania looks forward to Russian growth
TT/The Local · 6 Dec 2006, 13:15
Published: 06 Dec 2006 13:15 GMT+01:00
With the fall of the Soviet Union, Eastern Europe and Russia had become increasingly important markets for the Swedish truck maker.
According to Östling, the USA's significance in the world economy will decline and instead there will be icnreased growth in Europe and Asia, markets where Scania already enjoys a large share.
He singled out Russia as Scania's future market.
"Scania has a third of that market and Volvo has another third," said Östling.
That means that Russia reflects the Nordic market, said the Scania CEO. He predicted that Russia will be as big a market as Germany within ten years.