Trasco benefits from terror

Bremen, Germany. Fear of terror attacks is boosting the business of the German armored-car manufacturer Trasco.

Trasco, based in Bremen, Germany, expects to produce about 250 vehicles this year and achieve sales of 35 million euros.

In comparison, Trasco only sold 120 vehicles and generated revenue of 23 million euros in 2003. Volume in 2002 was 65 vehicles.

Trasco's largest customers are the United Nations, the German Red Cross and diplomatic embassies.

Trasco is a subsidiary of the US group Armor Holdings and has 240 employees. Armor Holdings acquired Trasco in October 2002 from Sachsenring AG.

Tags: Suppliers

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