Eagle Ottawa expands capacity at base in Hungary

Pharma

US-based automobile interior maker Eagle Ottawa on Tuesday laid the cornerstone of a HUF 2 billion (€6.8 million) expansion at its base in Szolnok, central Hungary. Eagle Ottawa is expanding capacity at the base by 55%. Eagle Ottawa Hungary managing director Bryn Kahrl said the expansion would raise headcount of full-time workers in Szolnok from 800 at present to more than 1,000. Interiors made at the plant in Szolnok go into vehicles made by BMW, Daimler, Ford, Honda, Hyundai-Kia, Land Rover, Renault-Nissan and Toyota. Eagle Ottawa’s Hungarian unit had net income of HUF 1.9 billion on revenue of HUF 15.7 billion in its 2010/11 business year, MTI reported.

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

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.