Hungarian vehicle instrument maker KMGy will soon start production at unit Tamgép’s base in Tamási (SW Hungary), business daily Napi Gazdaság reported on Wednesday.
Company owner Pál Zelenka told the paper that the investment was completed in 2008, but KMGy waited until now to start production. He said output of the base in Tamási, which will start with 20 workers, could grow as small-scale serial production of aftermarket parts moves from Asia back to Europe.
KMGy has bases in Budapest and Csorna (NW Hungary).
Zeleneka said the company completed a HUF 1 billion investment at the base in Csorna at the end of last year.
KMGy has annual revenue of more than €20 million, mostly from exports.
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.
