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Slovenia Business Week no. 13: CCIS: German, Slovenian Bus Makers Join Forces on New Coach

Maribor-based bus maker Tovarna vozil Maribor (TVM) has signed a deal with German bus giant Neoplan Bus on cooperation in the making of a new high-tech luxury coach

Maribor-based bus maker Tovarna vozil Maribor (TVM) has signed a deal with German bus giant Neoplan Bus on cooperation in the making of a new high-tech luxury coach.

With the deal, signed by the directors of the two companies in Maribor on Tuesday, 21 March, TVM and Neoplan are to join forces in the design and development of the prototype and the production of the coach.

TVM general manager Dusan Meznar told the press ahead of the signing that this was not the first time the two companies joined forces.

"Years ago we successfully developed an [airport] bus...and launched mass production," Meznar said, adding that the two companies now control half of the global airport bus market.

Neoplan chairman Joachim Reinmuth said that the good cooperation from the airport bus project has convinced his company that TVM is the right choice for the new coach.

"TVM is now the exclusive maker of our airport buses...and we expect the same will happen with the new product, for which we expect to have the prototype ready by the autumn," Reinmuth said.

He said the two companies would likely join forces on other projects in the future.

The signing was attended by Transport Minister Janez Bozic, who said Slovenia had made important inroads in the transport infrastructure market in recent years.

According to Bozic, up to EUR 30bn will have to be invested in transport infrastructure in the coming years, which will demand EU and private funds.

Bozic also pointed to the strong economic cooperation between Slovenia and Germany (Germany is Slovenia's largest trade partner with total trade worth EUR 5.2bn).

TVM, Slovenia's lone maker of buses and trucks, is owned by Ljubljana-based logistics group Viator&Vektor and specialises in the production of coaches and specialty trucks.

The company expects to generate revenues of SIT 6bn (EUR 25m) this year, which is three times what it made when Viator&Vektor acquired the company in 2004.

Source: Slovene Press Agency STA

Author: STA