Ferronordic's business to be impacted by Volvo's decision to suspend operations at several production sites due to COVID-19 spread.
NORDIC BUSINESS REPORT-March 23, 2020-Ferronordic's business to be impacted by Volvo's decision to suspend operations at several production sites due to COVID-19 spread
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Ferronordic AB (STO:FNM), a service and sales company in the areas of construction equipment and trucks, announced on Friday that Volvo AB's (STO:VOLVB) decision to temporarily close many of its operations, will negatively impact Ferronordic's supply of construction equipment in Russia and Kazakhstan and the supply of trucks in Germany.
Ferronordic is the dealer of Volvo Construction Equipment and certain other brands in all of Russia and Kazakhstan, aftermarket partner of Volvo Trucks and Renault Trucks in part of Russia, and dealer of Volvo Trucks and Renault Trucks in part of Germany.
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