Speed-Tech inaugurates HUF 230 mln production hall
Austrian-owned Speed-Tech inaugurated a HUF 230 million production hall for warehouse system control units in Ajka (western Hungary) on Tuesday, according to Hungarian news agency MTI.
Owner-manager Franz Jöbstl said the company financed the investment from its own funds.
Production started in the 1,300 square-meter hall at the beginning of June. The investment has created 20 new jobs.
Speed-Tech already has a unit in Ajka, and the company plans to move production to the new site by 2018.
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.