Hungarian-owned automotive industry supplier Csaba Metál announced it would invest HUF 1 bln on an expansion at its base in Békéscsaba in southeastern Hungary, owner Béla Majoros informed Hungarian news agency MTI.
The company is expanding its complex with a 3,800 sqm production hall and warehouse in order to raise its aluminum production capacity. The project was funded with a HUF 500 mln European Union and state grant.
This year, Csaba Metál expects to make a revenue of HUF 10.5 bln, up from HUF 10 bln in 2013. Exports generate three-fourths of its turnover.
The company currently employs approximately 700 people, but headcount stands at over 900 including contracted laborers and apprentices. Csaba Metál supplies Volkswagen, BMW, Trelleborg, Delphi, Conti, Hella and ZF.