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2012 ANNUAL REPORT
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facturer. With the exception of the engines
and chassis, the company designs and
manufactures complete buses at its facili-
ties. At these production facilities, GB Auto
produces the Mitsubishi RP coach, the
Mitsubishi Cruiser mini and medium sized
buses, and Volvo model tourism buses.
GB Polo, the company’s joint-venture
with global giant Marcopolo has com-
pleted the build-out of a 4,000 unit-per-
year capacity (potential capacity, based on
two shifts daily) state-of-the-art bus body
assembly facility targeting local and export
markets.
GB Polo was conceived as a move to
capture export opportunities in commer-
cial vehicle manufacturing by leveraging
GB Auto’s quality standards and low-cost,
highly-trained workforce; the addition of
the Iveco chassis has proved to be a further
boost to the strength of this line.
GB Auto’s Construction Equipment di-
vision includes trucks and earth movers
distributed under a license from Volvo
Construction. The group markets its
heavy-duty equipment line to public
and governmental customers, as
Commercial Vehicles &
Construction Equipment
GB Auto’s Commercial Vehicles divi-
sion distributes imported and locally
assembled trucks and buses and pro-
vides financing to select fleet clients.
The division assembles Mitsubishi and
Volvo buses as well as Mitsubishi trucks
at plants in Sadat and Suez (home to
the new GB Polo factory), and imports
Volvo heavy trucks. GB Auto also manu-
factures and distributes semi-trailers and
super-structures such as oil and chemical
tankers and concrete mixers under its
Commercial Vehicles line.
The Company’s bus segment produces
a range of transportation solutions, in-
cluding maxi buses, or coaches, with a
maximum capacity of 55 passengers; mini
buses (24-29 seats) and midi buses (30-38
seats).
GB Auto’s Commercial Vehicles line
markets heavy-, medium- and light-
weight trucks for fleet operators, con-
tractors, large industrial operators and
government agencies throughout Egypt.
The Commercial Vehicles line, more than
any other GB Auto operation, demon-
strates the Group’s capabilities as a manu-
well as to private sector companies.
GB Auto has distributed Volvo
construction equipment since 1999.
2012 Business Review
• For the first time in several years, the
Commercial Vehicles and Construction
Equipment line of business reported
year-on-year growth in sales across the
three key segments of trucks, buses and
trailers.
• Notable in the fourth quarter was
the addition of YTO tractors to the
LOB’s product line-up which, with the
growth and modernization of Egypt’s
agricultural sector, management expects
to see perform quite well going forward.
• Also added to the product line-up are
heavy trucks from Sino, which GB Auto
will import to Egypt from China and
distribute CBU. Given the current state
of Egypt’s heavy truck market, sales
of Sino trucks are not expected to be
strong in their first phase.
• As has been noted in the past, full
recovery of this segment nationally