Roto Frank to expand Lövő base in Hungary

Food

German-based hardware manufacturer Roto Frank AG is expanding its production capacity in Lövő (Western Hungary / Győr-Moson-Sopron county).

With the over €17 million ($23.1 million) investment to be completed by the end of 2008, Roto Elzett Certa Kft is to become the production unit with the biggest capacity in Europe, said Eckhard Keill, chair of Roto Frank group. The new, 4,700 square meter production hall recently finished has been installed spending €2.8 million ($3.8 million). The number of staff will increase from 525 to over 700, and more products will be rolled out at the Lövő site.

Roto Elzett is exporting to countries outside the EU as well, for instance South America, China and Russia, and expecting Ft 27 billion (€105 million, $143 million, net income for 2007. (Napi Gazdaság)

ADVERTISEMENT

MKB Q1-Q3 Earnings Climb 16% Banking

MKB Q1-Q3 Earnings Climb 16%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

European Shoppers Reveal Holiday Habits  Retail

European Shoppers Reveal Holiday Habits 

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.