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The axle unit of Hungarian vehicle and vehicle parts maker Rába has signed a five-year strategic cooperation agreement with US peer Marmon-Herrington, Rába said on Tuesday.
The agreement sets long-term strategic growth goals for product and market development in the specialty vehicle axle and drive train markets, Rába said.
Raáa expects revenue to rise 5% this year over last year's HUF 35 billion, CEO István Pintér said in November. (MTI-ECONEWS)