Logistics base inaugurated at Páty industrial park
Image by Pixabay
NIPÜF Zrt., Hungaryʼs state-owned national industrial park operator and developer, today opened a HUF 5 billion base for Swiss logistics company Kuehne + Nagel in an industrial park in Páty on the outskirts of Budapest, according to a press release sent to the Budapest Business Journal.
The 23,000 sqm greenfield project was developed by the state-owned industrial NIPÜF (National Industrial Park Management and Development Company) under the brand name Inpark. It will serve as a regional car parts distribution hub operated by logistics service provider Kühne + Nagel, the press release said. The inauguration was attended by Prime Minister Viktor Orbán.
Construction began last November and the building was delivered in August, since when a test run has been successfully completed. The two units of the facility offer both wide-and narrow-aisle storages; the latter required the construction of a superflat floor.
Kuehne + Nagel will rent the built-to-suit warehouse and run the regional distribution center for auto parts company Federal-Mogul, employing more than 160 people. This could grow by at least 33% to support increasing volume or changing trading profiles.
“We are living proof that Hungarian companies can achieve success in a tough market environment based on their expertise, innovation and prime location. The development of the logistics sector is beneficial for everyone, as it represents competitive advantage for the entire national economy,” said Márton Lányi, managing director of Kühne + Nagel Kft.
In total, the 42-hectare Páty Industrial Park offers 188,000 sqm of development opportunity. It is part of what has been described as the largest industrial park development program in Central Europe to date, which will include the construction of several modern production and logistics facilities all over the country, with investments totalling hundreds of billions of forints.
Speaking at the opening, Orbán noted that another HUF 17 bln "flagship" project in the industrial park of Hatvan (northeast of Budapest) will serve as a logistics base for German engineering giant Bosch, MTI reported. The prime minister said the industrial park program would iron out some regional economic disparities.
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.