Rába announces new Russian orders worth combined 4 million euros 2006

Food

Rába Futómű, a unit of Hungarian vehicle and vehicle parts maker Rába group, has signed new agreements with two Russian partners that will generate a combined 4 million euros of revenue from the company in 2006, Rába announced on the website of the Budapest Stock Exchange on Thursday. Rába Futómű has singed an agreement to deliver 1million euro worth of axle systems by the end of 2006 to the Pavlov Bus Factory, a member of Russia's GAZ group. The axle system will go into mid-sized buses of the same type that Rába has been making chassis for several years. Rába has also signed an agreement with KAMAZ to deliver axles for city buses worth 3 million euros. In 2005, Rába Futómű had revenue of 11 million euros from exports to CIS countries and countries in the CEE region, almost double the amount in 2004. In 2007, the company expects export revenue from the region to reach 20 million euros. Rába Futómű had first-quarter revenue of Ft 7.8 billion, 8.3% more than in the same period a year earlier. Revenue was boosted by Rába announces two new Russian orders worth combined 4 million euros in deliveries to Europe, as sales in the US fell. Rába Futómű's parent company, Rába Járműipari Holding, had after-tax losses of Ft 181 million in the first quarter of 2006, an improvement from losses of Ft 1.523 billion in the same period a year earlier. (Bloomberg)

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.