Axle Products Limited
Axle Products limited signed an agreement with Raba Plc. of Hungary, to manufacture and distribute axle for commercial trucks. The agreement was signed by Chairman Yasoob Group of Companies, Javed Burki, and President Raba Plc. Barnabas Zalan. The agreement also involves transfer of technology.
Raba Plc is a major European manufacturer of automotive components. It manufacture wide range of axles for trucks, buses, agricultural and construction equipment. Raba's axle range covers most of the axle requirement for "Yasoob" trucks, both commercial and military. Rabas products are expected to fit well into the Yasoob trucks models and the technology transfer agreement should be most beneficial to the indigenous axle manufacturing capabilities in Pakistan. As Raba's current business is concentrated in USA and Europe this agreement can expand Raba's presence in Asia.
Some of the new Yasoob truck models in which these axles are planned to be introduced are: Mark-II, a 4x4 and 6x6 version for military use; 32 tonnes commercial truck, a 6x2, version. The Yasoob series of vehicle programme was initiated at the instance of the Army to eliminate the proliferation of vehicles in its fleet, become self-reliant in the design and manufacture of vehicles, save foreign exchange and induct "M" type vehicles with longer service life at a competitive price.
In the commercial sector, the Yasoob vehicles have also been very well accepted and a massive sales programme would be launched. Raba's axle manufacturing capabilities are comparable to other major Western manufacturers such as Rockwell and Dana. In 1995, the total sales revenue of Raba Plc. was about $200 million and axle business was the largest part of Raba's operations, contribution about 40 per cent of the annual turnover.
http://findarticles.com/p/articles/mi_hb092/is_4_31/ai_n28820249/pg_4/
i think ive uncounciously deleted a major chunk of my post while editing it...