OREANDA-NEWS. May 17, 2010. According to the the Bohdan Corporation <LUAZ UK N/R> recent press-service release, the Corporation is planning to launch the second bus production line with introduction of the newest technologies in Lutsk by 2011. The new production facility will have the capacity of about 4,000 buses and trolleybuses per year and will allow the corporation to boost its capacities output up to 9,000 buses a year.

Millennium Capital sees this news as positive for the Company because as a result of the introduction of the newest technologies, the Corporation will be able to expand its sales market breaking into the European markets. Once their products start selling in the EU markets, this will improve substantially the financial performance results of the Company in the next few years.