Laurastar to invest €1 mln in Hungary
image from company website
Switzerlandʼs Laurastar, a manufacturer of high-end irons and steam generators, is building a €1 million production hall at its base in Kapuvár, the local unitʼs managing director told Hungarian news agency MTI yesterday.
Product image from Laurastarʼs website.
Construction will start in April and is scheduled to finish in the autumn, said Tihamér Tóth. The investment will raise headcount by 10-15% from 47 at present, he added.
The local unit Laurastar Services supplies 40 countries with spare parts and also repairs and refurbishes products. It had a revenue of HUF 235 mln last year.
ADVERTISEMENT
Volume Increase Lifts Farm Sector Output in 2023
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
TDK Hungary Components Investing HUF 3.5 bln in Energy Upgra...
Heineken Balaton Sound Announces 1st Phase Lineup
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.
