Alcoa-Köfém Hungary's most efficient company, survey shows

Pharma

Alcoa-Köfém Kft, the Hungarian unit of US aluminum giant Alcoa, has been named Hungary's most efficient company in a recent survey by business weekly Figyelő.

”This recognition highlights Alcoa-Köfém's positive financial performance,” said Béla Forgó, the unit's general manager. Alcoa has invested $900 million at its unit in Hungary, making it the country's sixth-biggest foreign investor and the second-biggest US investor. It is Hungary's 15th-biggest employer, providing jobs for 5,700 people.
In 2005, Alcoa announced a major $83 million modernization project in Hungary that will renew the product mix at Alcoa-Köfém toward higher value-added products. The modernization includes expanding capability and infrastructure for flat-rolled products, and launching a new manufacturing operation for airfoil castings.
Alcoa Hungary produces extrusion and rolling ingots, flat-rolled products, automotive structures, truck bodies, wheels for trucks and buses, plastic closures, fasteners for the aerospace industry, processing components for jet aircraft and super alloy industrial gas turbines, as well as wire harnesses for the automotive industry. The company had after-tax profit of Ft 23.4 billion on revenue of Ft 198.4 billion in 2005, according to the Figyelő survey.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.