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Toolstyle to invest HUF 600 mln in Miskolc plant

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Hungarian engineering company Toolstyle is spending HUF 600 mln, partly from monies won in a tender, on a new production hall and technological developments in Miskolc (northeastern Hungary), Hungarian news agency MTI reported yesterday.

They plan to move to the new site from nearby Diósgyőr next year. The company employs 75 and had net income of €166,000 on sales of €7.2 mln in 2013. Toolstyle was set up on the basis of the former Diósgyőr arms factory in 2000, and was acquired by French investors in 2002. It is 50%-50% owned by the French companies Mecaplus SA and Citele Industrie.

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