Masina Gepgyártó to construct 850 sqm assembly plant by year’s end
Masina Gepgyártó is building an 850 sqm assembly plant through an investment of nearly HUF 700 million by the end of the year in Kiskőrős, the Hungarian machinery company announced according to reports today by Hungarian news agency MTI.
A European Union grant of HUF 348 mln is helping to fund the project, Tibor Máte, the company’s chief accountant, said to MTI.
The company’s metalworking capacity will be significantly increased by the construction, MTI noted.
Masina Gepgyártó drew in revenue of HUF 796 mln in 2015, including exports of HUF 447 mln, earning an after-tax profit of HUF 39 mln, according to MTI.
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