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DesingLine to open $30M plant in Abu Dhabi

18/02/2011

Charlotte bus maker DesignLine International Corp. says it will partner with Liberty Automotive to build a $30 million production plant in Abu Dhabi.

DesignLine and Liberty Announce Joint Hybrid/Electric Bus Venture in UAE

 

DesignLine expects to open the factory by the end of the year. The facility will have the capacity to produce up to 300 electric buses per year, the company says, with a projected revenue of more than $80 million.

The new facility in the United Arab Emirates will focus on its zero-emission, all-electric bus lines. Its proprietary software vehicle-management system will be supplied out of DesignLine’s Charlotte factory and its research and development offices in New Zealand.

The company says it will also double its work force here and in New Zealand because of the new facility. An article in the New Zealand newspaper Otago Daily Times reports Designline employs about 120 in the town of Rolleston.

DesignLine has struggled with financial and production problems that may have cost the company contracts with at least two cities, including Charlotte. (DesignLine is also the employer of Mayor Anthony Foxx, who serves as the company’s in-house counsel.)

In December, DesignLine said it “secured a substantial financing from a consortium of major financial institutions” that are led by Guggenheim Venture Partners and ORIX Venture Finance.


Read more: bizjournals

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