Dutch Accell Group expands Hungary plant

Telco

Bicycle manufacturer Accell Hunland Kerékpárgyártó, part of the Dutch Accell Group has built a more than HUF 600 mln new production hall at its plant in Tószeg, managing director Zsolt Steurer informed Hungarian news agency MTI yesterday.

More than HUF 107 mln of the costs came from EU grants. The project preserved 118 jobs and added another 100, Streurer said. The plant puts out mid and high category bycicles, and sells its products mainly in Germany, Italy, Finland and the Netherlands. Most of the orders come from Winora, Haibike, Ghost, Batavus, Tunturi and ATALA. Accell Hunland had nearly €4.3 mln net income on sales of over €87.5 mln in 2013. Staff numbers vary between 230 and 550.

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