ITK Holding lays cornerstone of HUF 2 bln expansion

Industrial

Hungarian bus maker ITK Holding laid the cornerstone of a HUF 2 billion production hall at its base in Debrecen (eastern Hungary) on Saturday, state news wire MTI reported.

Image: itkholding.hu

The investment expands ITK Holdingʼs production area at the base to 5,000 square meters, said Chairman-CEO György Kossa.

ITK Holding also unveiled the prototype of a school bus it developed based on a Mercedes-Benz vehicle at the ceremony.

ITK Holding, majority-owned by Hungarian oil and gas company MOL, has a close partnership with the local businesses of German automotive industry company Daimler.

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.