MVM unit takes over production at power plant equipment maker - Világgazdaság
Ovit, a unit of the state-owned Hungarian Electricity Works (MVM), has taken over production at a power plant machinery maker owned by troubled TE Ganz-Röck, business daily Világgazdaság said on Monday.
Ovit started leasing the plant, in Kiskunfélegyháza (C Hungary) at the beginning of 2011, more than six months after TE Ganz-Rock, under liquidation, shut it down.
Ovit CEO Péter Gopcsa, who headed TE Ganz-Röck for five years, told the paper the plant was the only one in Hungary that can make the full range of power plant equipment.
Capacity at the plant is at 25-30% at present and just it employs just 21 people, but output will be increased and headcount could reach 100 by the end of the year, Gopcsa said.
ADVERTISEMENT
MNB Int'l Reserves Rise EUR 579 mln in November
Gov't to Launch HUF 20 bln Workers Hostel Program
Retail Sales Fall 6.5% y.o.y. in October
Heineken Balaton Sound Announces 1st Phase Lineup
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.
