Foundry completes HUF 100 mln development
Specialty metal products maker Magyarmet Finomöntöde Bt has carried out a development worth around HUF 100m at its site in Bicske (W of the capital), approximately doubling production capacity, managing director Imre Győri told MTI on Wednesday.
As a result of the investment, the company will be able to meet any demands from Audi, Mercedes or General Motors, he added.
The company, which currently employs 175 workers, had revenue of HUF 2.4bn last year, and projects revenue of HUF 2.7bn for this year with substantial profit.
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.