Automotive supplier and vehicle body builder Mayflower is planning to expand its bus building operations in the UK and the US, the company disclosed this week.
Its Alexander bus body subsidiary in Falkirk is scheduled for expansion possibly by work channelled through its Dennis bus chassis and fire engine subsidiary in the US, acquired for £278m last September.
Mayflower added that it is to form a US joint venture factory with the DaimlerChrysler subsidiary Freightliner Corporation, creating a plant with a capacity of 1,000 buses a year priced at more than £100,000 each.
Alexander, which employs just over 1,000 in Falkirk, sold nearly 60% of its bus chassis abroad last year. Its operating profits rose 42% to just over £10m last year.
Mayflower announced a 8% rise in underlying pre-tax profits last year to £42.6m.