Emerson Process Management expands Hungary base
The Valve Automation Business Unit of US-based Emerson Process Management on Thursday inaugurated a plant at its base in Székesfehérvár (NW Hungary).
Managing director Ferenc Mátrai said test production at the plant had started already in February 2012.
"We expect the development to significantly increase the company's share on the valve automation market in Europe," he added.
At present, 570 people work at the base. About 10% are contracted laborers.
About 50 people work at the new plant, but the number is set to increase to more than a hundred when production picks up in January of next year, Mátrai said.
Emerson Process Management's base in Szekesfehervar has revenue of HUF 14 billion-15 billion a year. The new plant is expected to generate less than HUF 1 billion in 2013.
Emerson Process Management has operated the base in Székesfehervár since 1994.
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