KARACHI: Landi Renzo (LR) has started local manufacturing of components of CNG kits in Pakistan to stabilize prices of its kits in the wake of rising euro. This was stated by the CEO Landi Renzo Group, Stefano Landi while talking to news men. Director Sales, L R Pak Ltd, the local assembler of Italian CNG kits (Landi Renzo), Francesco Grillo and chief executive of L R Pak, Mohsin Ali Khan were also present on the occasion.
Landi said that presently L R Pak Ltd which started operations in Pakistan in July 2007, was assembling world class 10,000 CNG kits per month. We can take the localization of components of CNG kits upto 70 percent in next three to five years, but we are not in a hurry, he added.
“We will increase localization gradually to ensure that our CNG kits are at par with Italian standards”, he noted. He said the quality of engineering and auto industry in Pakistan was very high and this is the reason that can easily start local manufacturing of component here.-SANA