Agro Line spends HUF 490 mln on equipment to increase capacity
Image by Pexels
Parts and machinery components manufacturer Agro Line has spent HUF 490 million on purchasing equipment to increase production capacity, managing director László Tóth told MTI.
The company won a HUF 245 mln European Union grant for the investment. The investment also increased headcount, which now amounts to around 180. Agro Line had revenue of HUF 3.3 billion in 2016. Exports account for more than 95% of sales.
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.