Sitform unveils HUF 450m expansion
German-owned upholstery maker Sitform Butorgyar on Tuesday inaugurated a HUF 450m expansion at its base in Zalaegerszeg (NW Hungary).
Sitform won a HUF 135m grant from the Western Transdanubia Regional Development Agency for the investments, said mayor Csaba Gyutai. The company will make 50 new hires as a result, bringing headcount to 400 by next year, he added.
Sitform turns out about 30,000 individual upholstery orders a year, said owner Rolf Stammberger. About 70% of the upholstery is leather, he added.
Sitform managing director Levente Foldesi said more than 3,000 square metres was added to the company’s production halls in the investment, bringing total production area to 17,000sqm.
This year, Sitform expects to close this year with revenue of HUF 4bn, up from HUF 3.9bn in 2010.
Â
ADVERTISEMENT
SMEs Augur Higher Sales, Profit Next Year
Hungary Open to New Double Taxation Avoidance Treaty With U....
Hungarian-born Physicist Ferenc Krausz Shares Nobel Prize
Summer Tourism Season Breaks Pre-COVIDÂ Record
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.
