Log Valve building HUF 376 mln production hall
Hungarian Log Valve, which manufactures valves for the oil and gas industry, started constructing a HUF 376 mln production hall at its base in Lenti, southwestern Hungary, the company told Hungarian news agency MTI yesterday.
The project of the 2,500 production hall equipped with a crane is being supported with an almost HUF 150 mln in European Union and state grant. The company’s revenue reached HUF 449 mln last year, dropping from HUF 1.3 bln in the previous year, MTI said citing public records.
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