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Ikarus to build plant in Peru

Recycling

Hungarian bus manufacturing company Ikarus Zrt is planning to set up an assembly facility in Peru, the Bloomberg newswire reports citing the Peruvian newspaper Gestion.

The firm is to spend $20 million on constructing the plant in Lima, which would produce 350 buses running on environmentally friendly fuel every year. In order to assess local demand, Ikarus is shipping 10 buses to Peru in February, but it also has ambitions of selling its models in Argentina, Venezuela and Bolivia. The Lima plant is scheduled to begin production in 2010. (Napi Gazdaság)

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