Gesko invests Ft 200 mln at Hungary plant
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)
ADVERTISEMENT
ÁSZ President Questions 'Neutralization' of MNB Losses
Varga in Talks With Big Firms on Global Min Corporate Tax Ra...
Wizz Air Celebrates 2.5 Millionth Passenger Flying From Debr...
Around 2,800 Events Take Place in European Capital of Cultur...
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.
