Hauni Hungaria invests HUF 5.7 bln in Pécs


German-owned Hauni Hungaria, which makes machinery for the tobacco industry, will invest HUF 5.7 billion at its base in Pécs (SW Hungary), company and government officials announced last Friday, according to state news agency MTI.

The government is supporting the investment, which will create 100 jobs, with a HUF 977 million state grant, said Levente Magyar, state secretary at the Ministry of Foreign Affairs and Trade.

Hauni Hungaria Managing Director Gábor Katona told reporters that during the company’s 25 years of operation it has spent almost HUF 31 bln on development projects in Pécs, according to official government website

Katona said that during the course of the latest project, which will be completed in 2020, the plant will be fitted with state-of-the-art equipment to facilitate an increase in production capacity and improve efficiency. He added that the latest investment is necessary for further growth and will preserve the companyʼs market position, while it remains one of the city’s largest taxpayers.

Hauni Hungaria had net revenues of EUR 109 mln in 2017, and after-tax profit of EUR 8.6 mln, public records show. A subsidiary of Hauni Maschinenbau GmbH, which is based in Hamburg and is present in over 20 countries, it has been operating in Pécs since 1994.


Business, consumer confidence slip in May Analysis

Business, consumer confidence slip in May

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


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.