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.
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