Extra Leder Line building HUF 320 mln plant
Family-owned Hungarian furniture maker Extra Leder Line will move into a HUF 320 million plant it is building in January, managing director Imre Balázs said on Tuesday.
Extra Leder Line started building the plant in the Nagykanizsa industrial park in the spring, Balázs said. It won an HUF 80 million grant for the investment, he added. Until now, Extra Leder Line has rented it production facilities. The company employs 35 people at present but plans to raise headcount to 60 within 3-4 years. This year, the company expects revenue of about HUF 450 million. Exports generate about 85% of revenue.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.