The new production site at the Lutsk Automobile Plant (LuAZ) will be officially launched today, April 6, 2006, although in reality it has been operating since April 1. This was reported by the press secretary of the "Bohdan" corporation, Serhiy Krasulia. According to him, with the launch of the new site, the corporation's capacity will allow it to implement an "optimistic" plan to increase production to 4,000 buses per year. In 2005, the "Bohdan" corporation produced 2,007 buses of various modifications, and in 2006 it plans to increase bus production to 2,500 units by transferring the production of large-class buses to the corporation's enterprises in Lutsk and Cherkasy. OJSC "Lutsk Automobile Plant" is one of the leading automakers in Ukraine, specializing in the production of buses, trucks and passenger cars. In February of this year, the plant became part of the "Bohdan" corporation. 72% of the plant's shares belong to the British company "SV Motors Ltd", 28% to other shareholders. The "Bohdan" corporation was established in February of this year with the aim of implementing investment projects aimed at creating capacities in Ukraine for the production of motor vehicles of various types.
"LuAZ" opens a new production site that will allow increasing production to 4 thousand buses per year
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