Bombardier MÁV wins HUF 1.7 billion order from Hungarian state railways

In Hungary

Bombardier MÁV has won a HUF 1.7 bilion order to test and certify 157 carriages of state-owned railway company MÁV, Bombardier MÁV managing director Péter Orbán said.

Bombardier MÁV, a joint venture of MÁV and Canada's Bombardier, will fill the order for MÁV's maintenance unit between July 1 and the end of March, next year, Orbán said. Bombardier MÁV has also tested and certified Italian carriages, and it has revamped carriages for railway companies in Switzerland, Norway and the Czech Republic, he said.

Bombardier MÁV had revenue of HUF 8.7 bilion in 2011. Bombardier holds 65% of the JV, MÁV owns 25% and 10% of shares are in the hands of employees.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.