ADVERTISEMENT

Implant maker Sanatmetal inaugurates HUF 700 mln investment

Telco

Hungarian-owned surgical and dental implant maker Sanatmetal on Tuesday inaugurated a HUF 700 million investment at its base in Eger, company officials said on Tuesday.

Sanatmetal converted a former auto mechanic's shop into a production hall and added 20 new machines to its fleet, said managing director József Farkas. The company won a HUF 320 million grant in the framework of the New Széchenyi Plan for the investment, he added.

Sanatmetal will make 20 new hires as a result. About 250 people work for the plant at present.

Sanatmetal has made almost HUF 4.5 billion of investments since it was established in 1992. It started making bone and spine implants, then added hip and knee prosthetics to its product palette. Most recently, it started making dental implants.

Sanatmetal targets revenue of HUF 2.9 billion this year, up from HUF 2.65 billion in 2011, Farkas said.

The company is among the biggest 40 makers of orthopedic and traumatology devices in the European Union.

Material and energy costs account for about 20% of the value of the company's products. The rest is added value.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.