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.
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.