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28 • 2017 ANNUAL REPORT
2017 ANNUAL REPORT • 29
GB Auto’s Commercial Vehicles business unit distrib-
utes imported and locally assembled trucks and buses
in Egypt. The division assembles Fuso and Volvo buses
as well as Fuso trucks at plants in Sadat and Suez, where
the company’s GB Polo factory is located. It also distrib-
utes Volvo heavy trucks and YTO tractors in Egypt and
manufactures and distributes semi-trailers and super-
structures under its Commercial Vehicles line.
The company’s Bus segment produces a full range of
transportation solutions, including maxi buses with a
maximum capacity of 55 passengers, midibuses (30-38
seats), minibuses (24-29 seats) andmicrobuses (17 seats).
GBAuto’s Commercial Vehicles linemarkets heavy, me-
dium, and lightweight trucks for fleet operators, con-
tractors, large industrial operators, and government
agencies throughout Egypt.
TheCommercial Vehicles unit demonstrates the group’s
capabilities as a manufacturer. With the exception of
chassis, the company designs and manufactures com-
plete buses at its facilities.
GB Polo, the company’s joint-venture with global giant
Marcopolo, is home to a state-of-the-art bus body man-
Egypt
Commercial Vehicles &
Construction Equipment
ufacturing facility with a 5,000 unit-per year capacity
(potential capacity, based on two shifts daily) that tar-
gets local and export markets. GB Polo produces buses
covering all applications (micro,mini,midi, city, school/
labor, intercity, and coach) and the facility utilizes al-
most 285,000 square meters of land. GB Auto increased
its share in GB Polo to 80% from 51% at the end of 2017
which has boosted profitability as the company takes
full control of the venture and bolsters its performance,
with a focus on export potentials.
GB Polo was conceived as a move to capture export
opportunities in bus field manufacturing by utilizing
GB Auto’s quality standards and relatively low-cost,
highly-trained workforce in combination with Marco-
polo’s 65-year history of successfully developing tech-
nological and innovative concepts for full transporta-
tion solutions and setups in key markets worldwide.
The addition of the Iveco chassis has also proved to be a
further boost to the strength of GB Auto’s Bus division.
GB Auto’s Construction Equipment business unit in-
cludes earthmoving equipment, road machinery, and
power generators distributed in Egypt under distribu-
tion agreements with Volvo Construction, SDLG, and
AKSA. The group markets its heavy-duty equipment
Egypt Commercial Vehicles & Construction Equipment
Bus Sales Volume by Year
(Vehicle Units)
2011
482
2014
1,172
2012
495
2016
470
2015
735
2013
1,055
2017
642
line to public and governmental customers, as well as to
private sector companies.
2017 Business Review
GB Auto’s Commercial Vehicles & Construction Equip-
ment line of business saw overall sales volume fall 36.5%
y-o-y during the year. Revenues dipped a slight 1.9%
y-o-y to LE 1,092.2 million from LE 1,113.3 million the
GB Auto maintained
its leadership
position in the
city and intercity
bus segments and
reported an uptick
in demand from
the tourism sector
during the year.
9.1
%
of FY17 Group
Gross Profit