Evopro to set up JV with Russian peer in Moscow

Initiatives

Hungary's Evopro group plans to launch a joint venture with Russian partner Nanotechnology Center of Composites (NCC) to produce buses in Moscow, owner and chairman Csaba Mészáros told Hungarian news agency MTI following yesterday’s negotiations in the Russian capital.

The chairman noted that the two companies signed a technology-sharing agreement in October. Mészáros said that the local government of Moscow will provide credit for the establishment of the joint venture and is expected to order a minimum of 200 buses over the next ten years.

The chairman expressed plans to set up similar ventures in other countries as well, such as Kazakhstan. Evopro aims to make Modulo bus chassis, designed and developed by Hungarian engineers, from composite material.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.