Elektro-Metall Paks certified to deliver directly to aircraft industry
pexels
German-owned Hungarian cable maker Elektro-Metall Paks has been certified to deliver its products directly to the aircraft industry, managing director Károly Vincze said yesterday, according to Hungarian news agency MTI
The National Transport Authorityʼs Aviation Office awarded the certification to Elektro-Metall Paks after two-and-a-half years of preparations, developments and audits, said Vincze.
Elektro-Metall Paks employs 165 people at its base in Paks. About 90% of its products go to the aircraft industry. The rest are shipped to automotive industry companies.
The company targets a 50% revenue rise this year over last yearʼs HUF 600 million, Vincze said.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
