Iveco to move Evadys bus production to Czech Republic.

By bne IntelliNews May 5, 2011
Italys Iveco will move the production of Evadys buses to its Vysoke Myto plant in the Czech Republic from Anonay in France, the general manager of the Czech unit told Mlada Fronta daily. Following the transfer, Iveco Czech Republic will produce five lines of buses, the companys head Pavel Pachovsky said. Earlier this year, Iveco CR said it plans to expand production and create 450 jobs by the end of 2011. Iveco produced 2,177 buses in 2010, down by 13.8% y/y. The companys net profit dropped by 35.3% y/y to CZK 747mn (EUR 29.5mn) in 2010. Iveco CR is part of Iveco Irisbus, which has 27 production facilities and five research centres in 16 countries.

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