Ferzol finishes HUF 2.3 bln expansion

Manufacturing

Image by ferzol.hu.

Hungarian tool and metalworking company Ferzol on Thursday announced the completion of a more than HUF 2.3 billion capacity expansion in Szolnok.

Ferzol won a European Union grant of close to HUF 1 bln for the project which preserved 40 jobs.

The company has 538 people on payroll.

Ferzol built a 3,200 sqm production hall and outfitted it with machinery, boosting CNC capacity by 10pc.

Last year, the company had net revenue of HUF 13.2 bln. It exports to Austria, Brazil, Germany, India, and Mexico, and counts CLASS Hungária and NCR Global Solutions among its business partners. 

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