Aventics Hungary to invest HUF 1 bln this year

Telco

The Hungarian unit of pneumatic parts manufacturer Aventics group is planning to spend HUF 1 billion on investments and product development this year, approximately HUF 200 million less than in the previous year, managing director István Gödri said yesterday, according to Hungarian news agency MTI.

Aventics Hungary foresees sales revenue reaching HUF 17.7 bln this year, up from last year’s HUF 16.9 bln, while operating profit could be more HUF 500 mln this year, similar to last year, the managing director reportedly said.

Avenica Hungary supplies companies working in industrial automatization, health care, energy, food processing, commercial vehicle and rolling stock businesses, MTI said.

The firm’s plant in Eger, northeastern Hungary, last year turned out 3.5 million units, chiefly for export, MTI reported, adding that production is set to rise to 3.8 million units this year.

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