Viessmann winds up HUF 230 mln expansion at Bátonyterenye plant

Telco

Viessmann announced last week that it had completed a HUF 230 mln expansion at its plant in Bátonyterenye in northeastern Hungary, state news agency MTI reported. The unit manufactures accessories for model railways and has been in operation since 1992.

The company won HUF 88 mln in EU grants for the project. Viessman had after-tax profit of HUF 22.6 mln on sales revenue of HUF 912 mln in 2013, according to its records, and it paid dividends of HUF 4.2 mln in that same year. 

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