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Lovász Forgácsoló completes HUF 818 mln expansion

Industrial

Lovász Forgácsoló has completed a HUF 818 mln expansion at its base in Gyula in southeastern Hungary, the metalworking company informed Hungarian news agency MTI. 

The company built a 2,200 sqm production hall and installed six new CNC machines. Lovász Forgácsoló is adding customized tool-making to its activities as a result. The company won a HUF 409 mln grant for the project. Lovász Forgácsoló expects revenue this year to climb 10% over last year's HUF 1.2 bln. It employs 50 people, but headcount is set to rise to 57-58.

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