Axial building HUF 2 bln parts warehouse

Logistics

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Hungarian farm and construction industry machinery dealer Axial is building a HUF 2 billion automated parts warehouse at its base in Baja (about 146 km south of Budapest), Finance Minister Mihály Varga said in a video posted on his Facebook page on Monday.

The government is supporting the investment, which will preserve 800 jobs, with a HUF 1 bln grant, Varga said.

Axial supplies close to 10,000 tonnes of parts a year to its business partners in the farming, construction, and logistics industries, owner and managing director Zsolt Harsányi said in the video.

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