Kókai inaugurates €1 mln production plant
Hungarian automotive industry supplier Kókai Tömítéstechnikai on Wednesday inaugurated a €1 million production hall at its base in Ajka (NW Hungary).
Kókai Tömítéstechnikai, which makes rubber parts for cars, won a HUF 100 million grant for the 2,500-sqm hall.
Headcount at the plant is up 50 from last year at 250, said managing director Mátyás Kókai. The company plans to make almost 100 new hires over the next two years, he added.
Kókai Tömítéstechnikai expects revenue to rise to HUF 3 billion in 2011 from HUF 2.6 billion in 2010, he said. The company had after-tax profit of HUF 600 million in 2010, he added.
Exports generate half of the company's revenue.
ADVERTISEMENT
MNB Monetary Council Leaves Base Rate on Hold
Hungarian Lawmakers Ratify Finland's NATO Accession
Visa Launches She’s Next Grant Program in Hungary
HIPA Awards 'Investors of the Year'
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.
