Capital Investments, Product Development and Industry RecognitionPACCAR’s excellent long-term profits, strong balance sheet, and intense focus on quality, technology and productivity have enabled the company to invest $4.7 billion in capital projects, innovative products and new technologies during the past decade. Capacity expansion of over 40 percent in the last five years and annual productivity improvements have enhanced the capability of the company’s manufacturing and parts facilities. Capital investments of $450-$550 million and R&D expenses of $275-$300 million are targeted in 2012 for new products and enhancing manufacturing operating efficiency. “Kenworth, Peterbilt and DAF are investing in new industry-leading products and services to enable our customers to achieve excellent results in their businesses,” said Ron Armstrong, PACCAR president. DAF Trucks showcased its new range of ATe vehicles at the RAI truck show held in Amsterdam in mid-April. The models include solutions that have been developed to further reduce fuel consumption and emissions, and improve truck efficiency. “The Advanced Transport Efficiency models have enhanced the DAF product range, providing improved fuel efficiency of 3-5 percent,” said Ron Bonsen, DAF director of sales. PACCAR will expand and improve its global network of 15 strategically located parts distribution centers (PDCs) in 2012. PACCAR plans to construct a new $40 million, 280,000-square-foot PDC in Eindhoven, the Netherlands. The PDCs in Madrid, Spain and Lancaster, Pennsylvania will increase their capacity with the addition of a combined 100,000 square feet of warehouse. The American Truck Dealers (ATD) named the Peterbilt Model 587, with the PACCAR MX engine, in the heavy duty category and the Peterbilt Model 210 in the medium duty category as "2012 ATD Commercial Trucks of the Year" during their annual Convention in February 2012. This is the first time that a truck manufacturer has won both categories in the same year. "Peterbilt is honored to have two vehicles selected as ATD's Commercial Trucks of the Year," said Bill Kozek, Peterbilt Motors Company general manager and PACCAR vice president. “Peterbilt designs and manufactures a complete range of high-quality commercial vehicles that offer industry-leading reliability, versatility and low operating cost."