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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.

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