ADVERTISEMENT

Novomatic plans to boost production capacity in Hungary

Pharma

Austria's Novomatic, one of Europe's biggest makers of slot machines, plans to expand its production base in Hungary, business daily Napi Gazdaság reported on Wednesday.

Although a final decision on the details of the investment has not yet been made, Novomatic will boost production in Hungary in order to meet growing demand, said Judith Herczig of AGI Hungária Kft, Novomatic's Hungarian unit. She declined to reveal any further details.
Novomatic earlier moved all of its electronics production to its base in Veszkény, northwest Hungary, after the completion of a €3.5 million production complex, including a 2,000 square meter production hall, a warehouse and an office building. From the start of 2007, Novomatic will also transfer its administrative base in Hungary to Veszkény. At the same time, it will add more shifts, creating more workplaces. Currently, the base employs 120 people, Herczig said.
In addition to electronics for slot machines, the base makes electronics for the auto and healthcare industries. Novomatic also operates casinos in Budapest, Sopron and Sárvár, and it aims to invest in casinos in other parts of Western Hungary as well.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.