Ravak plans Ft 3 bln office-warehouse complex in Budapest
Czech bathtub and shower enclosure maker Ravak plans to build a Ft 3 billion office, warehouse and trade center in Budapest, managing director of Ravak Hungary Kft László Vajónyi announced on Monday.
The center is expected to be completed by the autumn of 2008, Vajányi said. Ravak is the biggest maker of bathtubs and shower enclosures in Central and Eastern Europe. In Hungary, it controls 25%-28% of the market, selling 800 different products from its 8,600-square-meter warehouse in Budapest.
Ravak Hungary expects to close 2006 with revenue of Ft 1.7 billion, Ft 400 million more than in 2005. The unit targets revenue of Ft 2 billion in 2007.
Ravak has units in 12 countries, including China and Dubai. It sells its products in 30 countries around the world generating annual sales of more than €58 million.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.