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.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Manager screenings - not just for managers Interview

Manager screenings - not just for managers

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.