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Rába Axle Ltd., together with Bay Zoltán Nonprofit Ltd. for Applied Research, with Jankovits Engineering Ltd., and with the University of Miskolc, won a non-reimbursable grant of HUF 578,95 for the development of a higher-efficiency, higher-performance, lower-noise and longer-life, ie. “greener” powertrain-engine, under the Economic Development and Innovation Operative Programme with the project “Development of an engine with higher efficiency, higher performance, lower noise and extended service life for a new commercial vehicle powertrain“, identification number GINOP 2.2.1-15-2016-00017.

On the initiative of shareholders, RÁBA Plc. held a General Meeting on 10 September 2020 with the aim of ex-post approving the resolutions passed by the Board of Directors in the competence of the General Meeting in accordance with the spring epidemiological regulations.

A cooperation, successfully launched last year, is set to be further expanded this year by Rába and its leading international partner. The new framework agreement signed with the integrator company responsible for complete seat sytems and now assuming a key partner status, justifies the business development strategy of Rába, a company committed to quality manufacturing.

RÁBA Plc. closed the first half of 2020 with a consolidated sales revenue of HUF 19.2 billion. The company has offset the short and long term effects of the crisis caused by the coronavirus by improving operating efficiency and by forward-looking developments that support Rába’s strategic plans.