FUSO Wins 242 Truck Orders from LBC Express in the Philippines
||Philippines’ largest courier company LBC Express renews truck fleet with 242 Canter light-duty trucks
Kawasaki, Japan - Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia’s leading commercial vehicle manufacturers, today announced it has won 242 truck orders from LBC Express, the largest courier company in the Philippines. Manufactured at MFTBC’s Kawasaki plant in Japan, the Canter light-duty trucks will join LBC’s truck fleet by the end of August 2014.
LBC Express, Inc. was founded in the 1950's and initially operated as an air cargo forwarding service provider. LBC soon became a respected leader offering fast and reliable Express Courier and Money Remittance service throughout the Philippines. Today, LBC offers the widest coverage and network with over 700 located branches nationwide as well as over 60 branches in United States, Canada, and other countries.
Mr. Aiichiro Nishikawa, MFTBC Director of Sales & Market Management Fuso Asia, said: “We are pleased of our customer’s evaluation of our Canter truck for its performance, not only for its leading fuel-efficiency performance but also for its great drivability and maneuverability. With a solid 50-year history in the market, the FUSO brand has evolved and become known as one of the top and most reliable brands in the Philippines. Sales have been growing in 2014 thanks to the rising economy, achieving about 700 units in the first half 2014, January to June, up 117% compared to the same period in 2013, representing a market share of 27.6% in the light-duty truck segment. Looking ahead, we continue to commit ourselves to the market and plan to improve our product offering and aftercare services.”
Key handover by Mr. Junya Masuda, EVP for Marketing, MMPC, MFTBC’s local distributor (fourth from right), to Mr. Gerard Payaoan, VP for Systems, Distribution and Delivery, LBC Express (fourth from left)
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Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia's leading commercial vehicle manufacturers. In 2013, the company sold a total of about 172,400 vehicles including light-, medium- and heavy-duty trucks and buses. Daimler AG owns 89.29% of MFTBC shares and various Mitsubishi group companies own 10.71% of MFTBC shares. MFTBC is an integral part of the Daimler Trucks Division of Daimler AG.