Iron-Tech completes capacity expansion
Hungarian metalworking and spare parts manufacturer Iron-Tech has announced the completion of a capacity expansion supported with almost HUF 440 million in European Union funding, Hungarian news agency MTI reported today.
Iron-Tech added 14 new machines to its production line and hired 22 new workers.
The company, which supplies the local units of Denso, Bosch and Knorr-Bremse, had net income of HUF 360 million on revenues of HUF 2.6 billion last year.
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