03 March 2011

British firm wins £16m Azerbaijan order for its Chinese built taxis

manganese bronze, London taxi, TX4

The new order of global manufacturing was amply demonstrated today (3 March) with the announcement that Manganese Bronze, the leading manufacturer of the distinctive London taxi, had won an order worth more than £16m for its TX4 London taxis from the Republic of Azerbaijan.


A new private company, the Baku Taxi Company, has been established to develop a programme originally announced by the Transport Ministry of Azerbaijan to update the taxi fleet in the capital with the group's TX4 London Taxis.

The agreement for 1,000 taxis in 2011, to be supplied by Shanghai LTI (SLTI), the Group's joint venture with Chinese car manufacturer Geely Automobile Holdings Limited (Geely), is the single largest taxi contract the Group has. The first shipment of 100 vehicles is scheduled for the end of April. The balance of the order is expected to be built and shipped by the end of November 2011. The total value of the order is around $27 million (£16.6m).

Manganese Bronze said international interest in the Shanghai-built TX4 had increased in the first two months of 2011. In addition to the order from Azerbaijan, 180 vehicles have been ordered from a number of markets including France, Saudi Arabia, Kuwait and Italy. International sales of the Shanghai-built TX4 were 226 in 2010.

Chief executive John Russell said: "We are delighted to win this order which is the culmination of considerable effort by the teams in Manganese Bronze and SLTI. The order demonstrates the potential of our partnership with Geely and the appeal of the London taxi worldwide."

Author
Ken Hurst

Supporting Information

Companies
Manganese Broms Holdings plc

This material is protected by Findlay Media copyright
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies contact the sales team.

Do you have any comments about this article?

Add your comments

Name

 
Email

 
Comments
 

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

Aircraft deliveries record

More commercial aircraft were delivered globally during Q3 2014 than in any ...

Economic growth slow but solid

Economic growth slowed a little in the three months to October, but remains ...

Car production high

UK car manufacturing saw its best year-to-date (January to September) ...

Works Management Outlook 2014

The infographic below, created for Works Management, is based on a survey ...

The Ex factor

Exports are being billed as the knight in shining armour for the UK's flagging ...

2012: year of the underdog

The high street's in crisis, the eurozone in meltdown and the global economy ...

Sign of the times

Ford has pledged £1.5bn to make Britain its low carbon manufacturing hub. UK ...

Magnifying class

It's crystal clear that manufacturing needs to be a bigger part of the UK ...