Bohdan Bus Output Up 34% yoy In 2006
12 January 2008
The Bohdan Corporation, the holding company for several bus and auto makers including LuAZ (LUAZ: BUY), produced 2687 buses in 2006 an increase of almost 34% yoy. The company also increased its production of Isuzu trucks by 59.4% yoy to 255. Bohdan exports buses to Russia, Belarus, Azerbaijan, Kazakhstan, Georgia, Bulgaria and Moldova. The company recently opened a new factory in Russia. Last fall, the company announced plans to attract over USD 343 mln this year through syndicated loans, a CLN issue and by increasing its charter fund, which will go towards increasing production and an eventual IPO.
