Eagle Ottawa completes HUF 9.5 bln expansion

Telco

American automobile interior manufacturer Eagle Ottawa wound up construction works yesterday on a 17,000 sqm production hall at its Hungarian base in Szolnok, central Hungary, plant manager Zoltán Juhász said, according to Hungarian news agency MTI.

The expansion was made possible with an investment of HUF 9.5 bln. Production at the unit is scheduled to start in the second half of November.

The firmʼs headcount in Hungary grew from approximately 1,000 in February to approximately 1,900 in October, and is expected to reach 2,500 in the near future, MTI reported. The company is planning to further increase its production capacity by 30% in 2016, MTI added.

According to MTI, Eagle Ottawa Hungary had HUF 4.9 bln net income last year on HUF 37 bln revenue and net income was HUF 5.8 bln and revenue HUF 26.8 bln in 2013.

ADVERTISEMENT

GKI raises 2022 GDP growth forecast  Analysis

GKI raises 2022 GDP growth forecast 

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

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.