Raba receives Ft 2-2.5 billion seat order from Suzuki
Friday, July 8, 2005, 08:08
Hungary's Raba, a maker of vehicles and vehicle parts, received an order to deliver seats to Suzuki's Hungarian unit, and the company expects that the order will generate revenue of Ft 2-2.5 billion in 2006, Raba announced on Wednesday. The new order will raise Raba's total revenue from deliveries to Suzuki's plant to Ft 6 billion in 2006. Raba supplied the Suzuki factory with Ft 7billion worth of parts in 2001. However, by 2003, deliveries fell to Ft 4 billion, after Suzuki introduced a new model at the plant. This year Raba expects Suzuki deliveries to reach Ft 5 billion. Raba employs 3,000 people at its axle, car parts and vehicles divisions. It has annual revenues of about euro 160 million, much of it from exports.