ADVERTISEMENT

Csaba Metal, partners invest HUF 1.5 bln in capacity upgrades

Manufacturing

Csaba Metal, which operates one of Hungary's biggest aluminum foundries, has completed HUF 1.5 bln of investments undertaken in a consortium with its business partners Csaba Tool and Droidx, according to a report by state news wire MTI.

The consortium members were awarded HUF 772 mln in European Union and state grant money, covering half of the cost of the investments, grant application consultant Prospera Pályázati said.

Csaba Metal, the consortium leader, acquired an Industry 4.0-compliant enterprise management system, while supporting its business partners with consulting services.

Csaba Tool spent HUF 471 mln on a 10-tonne overhead crane, allowing it to make 10- to 12-tonne tools. It also bought tool design software and added 500 sqm to its production area.

Droidx spent HUF 867 mln to add 840 sqm to its production area and acquired a tool-making center that can turn out XXL parts and tools. 

Csaba Metal makes parts for the automotive industry as well as containers. The company had net sales revenue of HUF 19.6 bln last year, including HUF 14.7 bln from exports. It employs over 1,000 people.

MNB Extends Green Capital Requirement Discount Program MNB

MNB Extends Green Capital Requirement Discount Program

EU Should Not Close Itself off From China, Says Minister EU

EU Should Not Close Itself off From China, Says Minister

Primark to Open 1st Hungarian Shop This Week Retail

Primark to Open 1st Hungarian Shop This Week

New Textile Collection Celebrates Hungary's Furmint Grape Wi... Art

New Textile Collection Celebrates Hungary's Furmint Grape Wi...

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.