Knorr-Bremse Hungary registers rise in demand for commercial-vehicle braking systems
Knorr-Bremse Kft has recorded a rise in demand for its truck and bus braking systems this year, business daily Világgazdaság said on Friday.
In the first eight months of 2011, the output of the European commercial-vehicle sector regained its pre-crisis level, resulting in increased orders for braking systems for commercial vehicles such as those Knorr-Bremse manufactures at its plant in Kecskemet(C Hungary). The company has even introduced weekend work shifts at certain units to satisfy the increase in demand for the braking systems.
Knorr-Bremse had revenue of HUF 35bn in 2010, up almost 50%, with profits amounting to HUF 1.4bn after sustaining losses the previous year.
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.