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Bogdan Corporation

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Bogdan Corporation
Company typePrivately held company
IndustryAutomobile manufacturing, automobiles service & trading, automobile cargo transportation
Founded2005
Headquarters,
ProductsBogdan buses, LuAZ cars, trolleybuses
ServicesAutoservices, auto repair
RevenueIncrease UAH 5.245 billion [1]
OwnerOleg Svynarchuk
Websitebogdan.ua

Bogdan Corporation, or Bohdan Corporation (Ukrainian: Корпорація «Богдан» Korporatsiya Bohdan) - a part of the concern Ukrprominvest (ukr. Група «Укрпромінвест») - is a leading Ukrainian automobile-manufacturing group, including several car- and bus-makers of the country. Its most popular model is the Bogdan Isuzu-powered light bus made in Cherkasy.

History

Bogdan Corporation was created in 1992, after the fall of the Soviet Union, by the mergers of some former Soviet enterprises to implement big investment projects dedicated to creating strong and powerful manufacturing of different-type vehicles in Ukraine. Initially, the company was a distributor of various Russian-based vehicles, later selling vehicles by Korean manufacturer, Kia Motors. In 1998, the company obtained the Cherkasy automobile repair factory that was specializing in repairing buses of the Russian-based Pavlovo Bus Factory and GAZelle. In 1999, the factory was transformed into the "Cherkasy Autobus" that began manufacturing its own buses, Bogdan. That same year, the company signed another contract with Hyundai for distribution of their vehicles. In 2000, the company bought the bankrupted Soviet LuAZ based in Lutsk (Volyn Oblast), and during the same period, started to produce its own cars based on the Russian AvtoVAZ. In 2003, the company's began exporting the buses. In 2004, the company signed a general agreement with Isuzu to use the Isuzu brand on the company's exported buses. In 2005, the company Bogdan Motors became a corporation.

In 2014 the company developed the 'Bars' (panther) multifunctional light armored vehicle to be used by the National Guard of Ukraine.[2]

Description

The facilities of Bogdan Corporation allow to produce 120-150 thousands of cars, up to 9 000 buses and trolleybuses of all types, and around 15 thousands of cargo trucks and specialized equipment a year. Facilities are located in Lutsk, Cherkasy[2] and Crimea.

The group was controlled by politician Petro Poroshenko; who sold his share in connection with the collapse of its production after the 2008 economic crisis in 2009.[3]

Cars and trucks

Cars and trucks are produced or assembled in Cherkasy. The facilities in Cherkasy are the most modern auto-manufacturing facilities in Ukraine. Car manufacturing launched in 2000. Cherkasy plant allows to produce 120,000-150,000 cars per year. The plant produces/assembles Bogdan 2110, Bogdan 2111, Bogdan 2310 (pick-up), Hyundai Accent, Hyundai Tucson and Hyundai Elantra XD.

Buses and trolleybuses

Buses mostly produced in Cherkasy while trolleybuses are manufactured in Lutsk. A bus "Bogdan" is the most widespread used small bus for city transportation in most Ukrainian cities. Facilities located in Cherkasy allow to produce up to 3000 buses a year along with cars and trucks production. The plant in Lutsk formerly known as LuAZ now manufactures buses and trolleybuses branded as "Bogdan". Maximum capacity of Lutsk plant is 8000 buses and trolleybuses a year.

References

  1. ^ "Bogdan Corporation". UPIGROUP. Retrieved 2008-06-23.
  2. ^ a b Cherkasy car factory develops light armored vehicle, Interfax-Ukraine (16 December 2014)
  3. ^ Poroshenko, President of Ukraine, Centre for Eastern Studies (28 May 2014)
    Events by themes: Poroshenko family, UNIAN