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Gesko invests Ft 200 mln at Hungary plant

Telco

German farm machinery parts maker Gesko is spending Ft 200 million at its plant in Hungary to install a new production line and build a new painting plant to meet increasing demand, György Kőfalusi, managing director of Gesko’s Hungarian unit Frank Hungaria, told MTI on Wednesday.

The investments will be inaugurated by year-end, Kőfalusi said. Frank Hungaria, which produces spare parts for agricultural machines, expects revenue of well over Ft 1 billion in 2008. The company has boosted output to 2.5 million parts from 1.3 million in the past two years. (MTI-Econews)

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