Linamar eyes HUF 7.2 bln expansion in Hungary


Canada-based Linamar Hungary, a farm machinery and vehicle spare parts manufacturer, is planning to expand its Hungarian plants in Békéscsaba and Orosháza through an investment of HUF 7.2 billion, with a Hungarian government support of HUF 507.7 million, foreign ministry state secretary László Szabó said yesterday, according to reports.

The investment, which is scheduled to be carried out in two years, is expected to create 81 new jobs here, on top of the current staff of 2,500, Linamar Hungary CEO Csaba Havas was quoted as saying by Hungarian news agency MTI. The investment is expected to raise the companyʼs sales revenue by HUF 23 bln in five years, the CEO added. 

The company exports more than 90% of its products; sales revenue exceeded HUF 47 bln last year, according to MTI.

Linamar paid Hungarian suppliers HUF 21 bln, MTI said, adding that the company completed HUF 5.3 bln of developments last year, and invested HUF 24 bln between 2010 and 2015.


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20


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.