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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.