EvoBus, ITK sign deal for bus frames
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.
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.