Kravtex builds new bus production unit in Hungary


Bus manufacturer Kravtex Ltd. has launched construction of a new, 10,500-square-meter production hall in Mosonmagyaróvár, west Hungary. The project requires a Ft 1.2 billion investment, of which Ft 700 million will be spent on building the new hall, and Ft 500 million on machinery, Világgazdaság reported. The company will produce 141 pieces, of 12 meter long, suburban buses for 18 Volán companies by November 30. The “Credo" buses will more than 60% consist of parts manufactured in Hungary. The order arrived from Autóbusz Invest Kft., which is owned by ÁPV Rt. The works are to be done by Kravtex-Kühne-Credo Invest consortium. The planned income of the year 2006 is likeky to reach Ft 6.5 billion.

Kravtex was formed in 1992, a company exporting new and renewed Ikarus busses and bus fittings in the beginning. It reached high results amongst the similar export-oriented companies and has also played an important part in maintaining the Hungarian bus production business alive. In 1994 the company bought factory-premises and began renovating Ikarus busses. Next to the huge fitting-production export it also delivered about 600 completely reconstructed Ikarus busses, mainly to the territory of the Russian Federation. In 1997 Kravtex purchased the majority of the stocks of the formerly privatised Kühne agricultural machine factory share company and has over 500 employees and has 3 industrial factories: The bus-building factory in Győr in it the modern, all-inclusive production hall, suitable for putting 18-20 new busses together simultaneously, the Kühne agricultural machine factory share company, founded in 1856, which is the country’s oldest and most important machine factory, and the Kühne foundry Ltd owned to 100% by Kühne share company. The monocoque body of the busses is fabricated entirely by Kühne share company - with their assembly and preparation being conducted in Kravtex’s factory in Győr. We apply ISO 9001 quality assurance system in our factories. The mass-produced, six-cylinder Euro 3 Iveco diesel engines - produced according to the highest ecological norms and standards - have 176 kW power. The success of Credo is not only due to its low prices, but also to its beautiful form, high-tech solutions, usage of modern materials, and its surprisingly low maintenance costs. (Portfolio,
Farmgate Prices Fall 25.4% in February Crops

Farmgate Prices Fall 25.4% in February

Hungary in Talks on Attracting More Chinese Investments - Sz... Int’l Relations

Hungary in Talks on Attracting More Chinese Investments - Sz...

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Chresten Bruun Wins Expat CEO of the Year Award Awards

Chresten Bruun Wins Expat CEO of the Year Award


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.