Balluff investing HUF 700 mln at Hungarian base
Balluff Elektronika is investing almost HUF 700 million at its base in Veszprém (NE Hungary), managing director Tamás Ötvös told MTI.
Balluff Elektronika launched the investment program last year and will complete it by the end of July 2013, Ötvös said. The program is supported by HUF 260 million in European Union funding, he added.
Balluff Elektronika, a unit of German automation technology company Balluff, targets a 5-10% revenue increase over last year’s net HUF 14.7 billion. The company employs 642 people at present.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.