EvoBus, ITK sign deal for bus frames

Initiatives

The Hungarian unit of EvoBus, the bus manufacturing unit of Germanyʼs Daimler, yesterday signed a declaration of intent with Hungarian-owned ITK Holding under which EvoBus is expected to deliver bus frames to ITK, according to reports.

A bus prototype is expected to be finished in spring by ITK, which is set to produce the buses at its base in Debrecen, Hungarian news agency MTI reported. The company is investing €50 million on developing the bus, as well as the production infrastructure necessary to make it, ITK Chairman-CEO György Kossa said. 

The twelve-meter frames, fitted with Euro 6 engines, will be delivered from EvoBusʼs plant in Sámano, Spain, EvoBus Hungária  Managing Director Jorg Schmidt said, according to MTI.

Debrecen Mayor László Papp said the project would create 350 jobs in the city.

Speaking after the signing, Minister for National Economy Mihály Varga said the government aims to spend about HUF 35 bln in the next three years on a program to boost bus production in the country, MTI reported. If targeted growth in the sector is achieved, annual tax revenue from bus manufacturers could rise by HUF 30-35 bln, he added. 

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