The former Hungarian unit of German motor home maker Knaus Tabbert is filling its first order for a Russian partner, managing director József Botka told MTI on Thursday.
Knaus Tabbert has made the first five vehicles of a 50-unit order for the Russian partner, Botka said.
Production at Hungary's Knaus Tabbert shut down in September after its parent company went bankrupt. In January, it was acquired by Dutch investment group HTP, which lent the company €1 million and bought €1.4 million of its debts from a Hungarian and an Austrian commercial bank. Around the same time, it cut staff from 270 to 130.
Knaus Tabbert is renting its plant from its former owner, but is in talks to purchase it, Botka said.
Knaus Tabbert finished the business year ended July 31 with losses of HUF 730 million, but it expects to rack up further losses of about HUF 150 million by the end of the calendar year, he said. In 2010, when the company's business year will be the same as the calendar year, Knaus Tabbert expects to break even.
The company is now making two motor homes and three camper trailers a day, but it will tart making a daily three motor homes and two camper trailers from January, Botka said. (MTI-ECONEWS)