Fabrika automobila Priboj

Finnish company sole bidder for truck maker

BELGRADE -- The Serbian Privatization Agency has said that Finnish truck maker Sisu is the sole bidder for strategic partnership with the truck and car manufacturer FAP.

The agency said on Wednesday that the final decision will be made upon establishing validity of the bank guarantee submitted by the bidder.

Serbian Privatization Agency said Wednesday that Finnish truck maker SISU is the sole bidder for strategic partnership with the truck and car manufacturer FAP in Priboj, southwestern Serbia, adding that the final decision will be made upon establishing validity of the bank guarantee submitted by the bidder.

PRIBOJ - More than 600 employees of the Priboj-based FAP are officially in a paid leave status by the end of June but the company's management engaged around one hundred of them in the manufacture of ten FAP 1118 trucks for the needs of Serbian Armed Forces and the preparation of the factory's takeover by the Finnish SISU Auto.

PRIBOJ - The Serbian government and the Finnish SISU company on Friday signed a memorandum of understanding under which Priboj-based heavy commercial vehicles maker FAP should start producing trucks in September, with a contract to be signed by late August.

PRIBOJ - FAP will build 10 FAP 1118 lorries for the Serbian Armed Forces, head of the company Zoran Zakovic said on Tuesday.

"We have signed the contract and expect the production to begin in mid-May," he told Tanjug.

The army began using FAP 1118 several years ago, replacing the old TAMs, which had been the main lorry for the military for decades.