In the next two years, the "Bohdan" corporation plans to invest more than $240 million in the development of production in Ukraine and to organize the output of 120,000 passenger cars and trucks, as well as 6,000 buses of various classes. Investments in the passenger car production plant will amount to $195.3 million, in the truck production plant - $24.5 million. About $40 million will be allocated for the creation of bus production.
As reported by the corporation's press service, 30% of the total amount consists of the company's own funds. They will be invested gradually over the next two years from the profit generated by the corporation's operations. The other 70% will consist of bond loans and bank credits.
Within the framework of the corporation's investment project, a swap of productions between the corporation's Cherkasy and Lutsk production sites will be carried out. In the city of Cherkasy, production of passenger cars and trucks will be organized using a single painting complex. All bus production will be transferred to Lutsk.
Large-unit assembly of automobiles in the city of Cherkasy will begin already in June 2006. The development of welding and painting production will be carried out in 2007, and reaching the design capacity of 120,000 automobiles is planned for the end of 2008.
In addition, the "Bohdan" corporation is expanding production of its products in foreign markets. The first was the launch of large-unit assembly of "A-092 "Bohdan" buses on the basis of the Gomel Auto Repair Plant (Republic of Belarus). "As of today, 21 "Bohdan" buses have already been assembled in Belarus. By the end of the year, it is planned to assemble another 50 units of equipment," stated Oleksandr Dorosh, a member of the board of directors of the "Bohdan" corporation.