The company has three premises in Beled, Sárvár and Kapuvár, all in northwestern Hungary. The location for the investment has not been decided yet, chairman of the board Antal Szalay said. The extension of production capacity is necessary because of new orders from car manufacturers. Besides that, about 15% of the existing capacity may be moved abroad, but that is also undecided, Szalay added.
The Hungarian subsidiary of German Provertha GmbH, set up in 1993, currently has 700 employees. Provertha Hungary had over Ft 4 billion net revenue last year.
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.
