Hungarian bus maker wins $60-million deal
Hungarian bus maker wins $60-million deal
JAKARTA (JP): Hungarian Ikarus Vehicle Manufacturing Co said
yesterday it had secured a contract to sell 100 gas-fueled buses
to the state-owned transportation company PPD.
Ikarus's president Gabor Szeles said the buses were ordered by
the Ministry of Transportation and would soon be delivered to
PPD.
The US$60 million contract was signed Monday, he said.
"The buses will be delivered to the state-owned public
transportation company PPD to be used in Jakarta," he said.
Szeles said the gas-fueled buses were appropriate for Jakarta
because they would cause less pollution.
He said the contract followed the sale of the first 40 sets of
the Hungarian Ikarus buses to PPD in March.
Szeres, who is also a chairman of the Hungarian Industrialist
Association, said his company planned to set up an assembly plant
in Indonesia to tap the growing demand for buses in the country.
"Our team will make further studies in the next two or three
months. We hope the plan will be realized by the beginning of
next year," he said.
Ikarus, which is the largest bus producer in Hungary, has
produced more than 200,000 buses, with production capacity about
5,000 to 6,000 buses per year.
Ikarus has exported 50 buses to Malaysia, 3,200 buses to
China, 50 buses to Vietnam and 550 buses to Taiwan.
The Hungarian Embassy yesterday briefed reporters on the
Hungarian trade mission's three-day visit here.
The trade delegation, led by minister in charge of
privatization Judith Csiha, arrived here Sunday.
The 12-member-delegation included several leaders from the
Hungarian Privatization and State Holding Company, General
Managers of the Hungarian Development Bank, chairman of the
Hungarian Industrialist Association and businesspeople from
different companies.
The delegation met senior Indonesian officials, including the
minister of investment, minister of trade and industry, minister
of transportation, the director general for foreign economic
relations of the ministry of foreign affairs and the Indonesian
Chamber of Commerce and Industry. (08)