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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.

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