SODERTALJE, Sweden, Jan. 21, 2003 (PRIMEZONE) -- The first results from cooperation between Scania Industrial and Marine Engines and Yanmar marine is shown for the first time at the Dusseldorf boat show in Germany. On display is a 12-litre marine engine for pleasure boats with 720 hp.
In October 2002, Scania (Other OTC:SCVAY) (Other OTC:SCVBY) and Yanmar signed an agreement that gives Yanmar the right to sell and market Scania marine engines to the pleasure boat market all over the world.
The premiere for Yanmar's marketing of Scania engines is at the pleasure boat show Boot 2003 in Dusseldorf, Germany. On display is a 720-hp engine in Yanmar's white livery and with the Yanmar logotype, based on the Scania 12-litre unit.
"Scania's objective with the co-operation is to increase the volumes of engines for pleasure boats in a few years' time," said Lennart Hjelte, Senior Vice President and responsible for Scania Industrial and Marine Engines. "The co-operation also means that we can concentrate on the marketing of engines for marine commercial applications, but still have a presence in the pleasure boat market."
In due course, Yanmar will sell marine engines based on all sizes of Scania engines. The first deliveries are expected in the second half of 2003.
For pictures see http://www.scania.com/news/archive/www.txt/N03002EN.htm
For further information, please contact: Lennart Hjelte, Scania Industrial and Marine Engines tel. +46 8 55382317 mobile +46 70 5777645 Annika Stenlund, Scania Industrial and Marine Engines mobile +46 70 5789990
Yanmar is one of the world's leading manufacturers of marine and industrial engines and of agriculture and construction machineries. Yanmar employs 15,400 and has production facilities in Japan, Europe and South East Asia. In 2001 the turnover totalled Japanese yen 487,500 million. Yanmar products are marketed in about 130 countries worldwide. Yanmar press releases are available on the Internet, www.yanmar.co.jp
Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 28,300 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 2001, turnover totalled SEK 53,000 million and the result after financial items was SEK 1,500 million. Scania products are marketed in about 100 countries worldwide and some 95 percent of Scania's vehicles are sold outside Sweden. Scania press releases are available on the Internet, www.scania.com
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