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Gemtech completes HUF 467 mln investment

Telco

Hungary's Gemtech completed a HUF 467 mln technology investment, which is expected to boost efficiency, at its base in Nyíregyháza in northeastern Hungary, with the help of a HUF 289 mln grant, the engineering company told Hungarian news agency MTI.

Boosted energy efficiency will be achieved through energy savings, by optimizing work time and introducing better quality controls, all within the framework of the new investment.

According to public records, the company had a net income of HUF 358 mln on a revenue of HUF 926 mln in 2013.

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