RYMCO expands portfolio

Renault Trucks chooses RYMCO as its exclusive distributor in Lebanon

Automobile dealer Rasamny-Younis Motor Company (RYMCO) said that it has signed a partnership agreement with Renault Trucks becoming the exclusive distributor of the brand in the country.

RYMCO said that the agreement is part of its strategy to expand its brand portfolio, mainly in heavy duty vehicles. RYMCO is the distributer of Nissan, Infiniti, and GMC brands.

RYMCO’s total assets were $130.5 million at end-September 2011.The company reported unaudited net profits of $200,000 in the first nine months of the year compared to $2.2 million in the corresponding 2010 period.

RYMCO was established in 1957. It has been listed on the Beirut Stock Exchange since 1998.