Magyarmet Finomöntöde completes HUF 208 mln investment
Metal casting company Magyarmet Finomöntöde has announced the completion of a HUF 208 mln technology and capacity expansion at its base in Bicske, west of Budapest, according to Hungarian news agency MTI.
The company won a HUF 104 mln European Union and state grant for the investment, which created 25 new jobs and preserved a further 178. Magyarmet Finomöntöde had net revenue of HUF 2.8 bln in 2013.
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.