Csaba Metal spends HUF 1 bln on expansion
Hungarian-owned automotive industry supplier Csaba Metál announced it would invest HUF 1 bln on an expansion at its base in Békéscsaba in southeastern Hungary, owner Béla Majoros informed Hungarian news agency MTI.
The company is expanding its complex with a 3,800 sqm production hall and warehouse in order to raise its aluminum production capacity. The project was funded with a HUF 500 mln European Union and state grant.
This year, Csaba Metál expects to make a revenue of HUF 10.5 bln, up from HUF 10 bln in 2013. Exports generate three-fourths of its turnover.
The company currently employs approximately 700 people, but headcount stands at over 900 including contracted laborers and apprentices. Csaba Metál supplies Volkswagen, BMW, Trelleborg, Delphi, Conti, Hella and ZF.
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.