Daf BV set for UK investment
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• Daf By, the Anglo-Dutch truck group due to go public in a £250 million stock market flotation this summer, doubled its net profits to more than 239 million last year. Daf signalled it was heading for record profits when it reported nett interim profits of 216 million.
Company chairman Aart van der Padt hinted this week that more truck production may be moved to the Leyland plant in Lancashire and confirmed that Oaf will invest at least 2100 million in a new Freight Rover van range for the early 1990s. Daf has already moved production of 1,000 1900-model trucks to the UK.
Leyland has the spare capacity to take on extra work, despite producing a record 15,678 units in 1988, and van der Padt believes the company can expand production further without major acquisitions.
The former Freight Rover plant in Birmingham, taken over by Daf in 1987, made a record 20,508 Sherpa vans last year.