The company built a 2,200 sqm production hall and installed six new CNC machines. Lovász Forgácsoló is adding customized tool-making to its activities as a result. The company won a HUF 409 mln grant for the project. Lovász Forgácsoló expects revenue this year to climb 10% over last year’s HUF 1.2 bln. It employs 50 people, but headcount is set to rise to 57-58.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
