Schafer-Oesterle completes HUF 900 mln investment in Hungary

Telco

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German car interior company Schafer-Oesterle has completed a HUF 900 million investment at its base in Bonyhád, southwestern Hungary, managing director István Frei told Hungarian news agency MTI on Friday.

Schafer-Oesterle installed four industrial robots and production lines at the base, Frei said. The company won a HUF 443 mln European Union grant for the investment, he added.

Last year, Schafer-Oesterle raised headcount from 130 to 174, Frei said. Revenue rose to HUF 2-2.5 billion last year from HUF 722 mln in 2014, he added.

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