Hubner Hungary undertakes €10m capacity expansion

Pharma

German-owned transport industry supplier Hubner Hungary is undertaking a €10m expansion that will make it the parent company’s most important production unit, managing director Ingo Heerdt said at a press conference in Nyiregyhaza, the site of the plant, on Wednesday.

Hubner Hungary will build an 8,000sqm production hall and expand its existing hall at a cost of €5m, Mr Heerdt said. It will spend another €5m to install the latest production technology, he added.

The company will make 170 new hires by the first half of next year, he said.

The expansion is expected to boost annual revenue of the unit from €27m to €35m.

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.