Raba signs 5-yr deal with U.S. Marmon

Newswire

BUDAPEST, April 23 (Reuters) - Hungarian commercial vehicle manufacturer Raba Rt signed a five-year framework agreement with U.S. Marmon-Herrington Co, under which it would supply its own-developed axles to trucks of the U.S. firm, Raba said. The deal is an extension of an existing cooperation between the two firms. The orders will ensure annual revenues of one billion forints ($4.73 million) to Raba for a further five years. They will set the amount of products to be delivered and the ...

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