Eagle Ottawa launches HUF 9 bln expansion in Hungary
U.S. automobile interior producer Eagle Ottawa is investing HUF 9 bln in its Hungarian base in order to double capacity and expand its product palette, Eagle Ottawa Hungary managing director Bryn Kahrl announced at a press conference today.
The expansion is expected to create 500 additional jobs at full capacity.
The preparatory phase of the expansion of the 30,000 sqm production hall has already started and construction is scheduled to be wound up by 2017, Kahrl said adding that the company will stitch seat covers for high-end carmakers in the new hall.
Eagle Ottawa Hungary had net income of HUF 5.8 bln on revenue of HUF 26.9 bln in its 2012/13 business year, Hungarian news agency MTI said citing public records. Most revenue came from exports.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.