Bus manufacturer Wright Group has signed two multi-million pound contracts to build more than 200 buses for Singapore and Hong Kong.
The Ballymena-based company did not disclose how much the deals were worth but said they would help it to weather the current global economic downturn.
Earlier this month Wrightbus was able to reduce the number of workers it expected to make redundant from 235 to less than 100. It had initially announced the cutbacks in February due to a drop in orders for its vehicles.
The firm said yesterday that in partnership with Volvo it had won a contract to supply 150 buses to SBS Transit in Singapore, its first foray into the Singapore market. The contract win comes on the back of an order for 60 buses from Kowloon Motor Bus Company in Hong Kong, also in partnership with Volvo.
Group managing director Mark Nodder said: “These contract wins come at a very important time for our company and reflect the hard work of all our staff to pursue new markets around the world. We are keen to develop ourselves as global leaders in bus design, and will continue to actively pursue all opportunities available.”
The company sees good prospects for further sales in South East Asia during the next few years, he said.