Axial Kft, which sells and services farming machines, has opened a new unit through greenfield investment of HUF 500m in Pecs (SW Hungary).
The company has built a 850sqm spare parts warehouse and a 470sqm service building using internal funds and a loan.
Axial Kft, which spent HUF 1.5bn on developments last year and this year, employs 540 workers at 15 units.
The company had profits last year on revenue of HUF 47.3bn.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
