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Grundfos revenue up 38% in 2005

The Hungarian unit of Danish pump manufacturer Grundfos had revenue of Ft 27 billion in 2005, up 38% from the previous year, business daily Világgazdaság reported on Monday, citing the unit's CEO József Janvári. Grundfos invested Ft 5.5 billion at the unit last year, including Ft 2.8 billion to build a 10,000 square meter addition to its 15,000 square meter electric pump factory. Janvári said Grundfos is considering three new locations to expand, because it can no longer build at its two locations in Hungary. The company has a combined 39,100 square meters of space at three plants in Tatabánya, northwest Hungary and Törökbálint, outside of Budapest. The Törökbálint plant, operated by a separate unit, Grundfos Hungária, supplies Hungary, Slovakia, Romania, Ukraine and the former Yugoslavia. The unit's revenue rose Ft 2 billion last year, helped by a 10% increase in domestic turnover and a 40% rise in export sales.