Hungarian toolmaker finishes HUF 900 mln investment
Hungarian tool manufacturer Csaba Tool has inaugurated a plant in Ajka through an investment of HUF 900 million, for which the company has received a HUF 268 mln grant from the European Union, Managing Director Csaba Stallmeiszter told Hungarian news agency MTI on Friday.
The company has built a 500 square-meter production hall along with a 210 sqm office block, while nine machines have also been purchased within the framework of the investment, MTI reported.
The investment is expected to create 30 new jobs at the firm, the news agency added.
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