FHL Bjorn launches HUF 950 mln expansion
Automotive industry supplier FHL Bjorn launched a HUF 950 million capacity expansion at its Hungarian base in Mór, the company announced yesterday, according to Hungarian news agency MTI.
Screengrab from companyʼs website.
The investment, which is expected to boost revenue by 20%, from HUF 6.2 billion last year to HUF 7-7.5 bln in 2017, is being supported with a HUF 427 mln European Union grant.
Organizational director Imre Nagy told MTI that the company expected to raise headcount by 20-40 from around 220 at present as a result of the expansion. He added that production is at nearly 100% capacity.
The company became a direct supplier to the Volkswagen group in 2014 and it has long-term contracts with a number of other big industry players, MTI said.
ADVERTISEMENT
Bourse Turnover Reaches HUF 181 bln in November
India's G20 Presidency, Dawn of New Multilateralism - Narend...
Production Resumes at Ganz's Szolnok Plant
TikTok Commits to Improved Consumer Communication in Hungary
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.
