Femat to move all production to Hungarian unit
Austrian production line systems maker Femat will move its entire production to its unit in Hungary to take advantage of lower production costs, business daily Napi Gazdaság reported on Tuesday.
Femat started developing its Hungarian unit already in 2004, boosting production and building new warehouse space. Femat Hungária expects to close 2006 with revenue of Ft 1.5 billion. In addition to the automotive industry, Femat supplies machinery makers and printing companies.
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