PACCAR Begins Construction of DAF Factory in Brasil

Published on Tuesday, 10 January 2012 20:35 Written by TradersHuddle Staff

PACCAR (Nasdaq:PCAR) held a groundbreaking ceremony for its new DAF assembly plant in Ponta Grossa, Brasil on January 9, 2012. The ceremony, led by Mark Pigott, PACCAR Chairman and Chief Executive Officer, and Paraná Governor Beto Richa, was attended by state and local officials, supplier partners, key transport companies and other business and educational leaders.

PACCAR Executives, Parana Governor and Ponta Grossa Mayor Celebrate DAF Truck Factory Groundbreaking (Photo: Business Wire)

“This new DAF assembly facility is a strategically important development for PACCAR,” said Mark Pigott. “The $200 million facility will consist of a 300,000-square-foot assembly plant on a 569-acre site in the city of Ponta Grossa, in the State of Paraná. Construction will begin immediately and is due to be completed in 2013. Ponta Grossa has an excellent workforce and proximity to strategic supplier partners and the port of Paranaguá,” added Pigott. The high-technology and environmentally friendly facility is designed to assemble the premium quality DAF XF, CF and LF vehicles and the industry-leading PACCAR MX engine. It will produce DAF trucks for Brasil and the entire Latin American market. The DAF trucks will be distributed through a network of independent DAF dealers.

“We are proud to have PACCAR select Ponta Grossa for its new DAF assembly plant,” said Governor Richa. “Their investment reinforces Paraná’s commitment to bring high-quality jobs to our State due to our excellent workforce. PACCAR will help stimulate economic growth and contribute to an improved quality of life in this region.”

“We appreciate the support of the State of Paraná and Ponta Grossa leaders, and we look forward to developing strong partnerships with the local community,” noted Marco Davila, president DAF Caminhões. “We are pleased to be working closely with Ponta Grossa State University, Paraná Federal Technology University and other technical colleges in the region. As DAF production levels increase, we expect to hire up to 500 employees.”

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced diesel engines and provides financial services and information technology and distributes truck parts related to its principal business. PACCAR shares are traded on the NASDAQ Global Select Market, symbol PCAR. Its homepage is www.paccar.com.

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