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Once-threatened bus firm expands

Discussion in 'On Track.' started by LSWR, Feb 10, 2006.

  1. LSWR

    LSWR Part of the furniture

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    Scarborough bus builder Plaxton opens a new production plant on Thursday - less than two years after being saved from collapse by a management buy-out.
    The site in Eastfield, next to the company's existing bus manufacturing facility, will be used to build a new range of single-decker buses.

    It will be capable of building 12 vehicles at a time.

    In May 2004, the company was bought by management after its owner TransBus International went into receivership.

    Managing director Mike Keaney, said: "We have managed to take the business back full circle and bring bus manfacturing back where it belongs - in Scarborough.

    "We are as secure as anyone can be in the manufacturing industry because no-one knows what is around the corner.

    "It is still difficult with fuel bills going up at the rates they have been and steel prices rising, but we adapt the business and take it forward from there."

    SOURCE BBC NEWS
     
    LSWR, Feb 10, 2006
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