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Kelet-Trans 2000 completes HUF 416 mln investment

Telco

Transportation and packaging company Kelet-Trans 2000 has completed a HUF 416 mln technology and infrastructure investment at its base in Záhony, eastern Hungary, the company said yesterday. 

The company won a HUF 208 mln European Union grant for the project. Kelet-Trans improved its railway access and outdoor lighting, and paved the loading area at the base. The company also bought vehicles, a telephone center and a water purification system.

Kelet-Trans employs 100 people at five locations in Hungary. The company had HUF 4 bln of revenue in 2014. Retained earnings came to HUF 88 mln after the payout of a HUF 20 mln dividend.

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