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Foxconn Hungary unit sees 2011 revenue climbing more than 20%

Recycling

PCE Paragon Solutions, the Hungarian unit of Taiwanese electronic components maker Foxconn, expects this year's revenue to climb more than 20% over last year's HUF 195 billion, managing director Peter Talos told MTI.

Revenue will rise on a growing stock of orders, Talos said.

About 1,000 people work at %E Paragon Solutions three plants in Hungary. The plants supply four business partners.

The plant in Szekesfehervar will start supplying a third business partner with IT equipment in days. The new order is expected to boost the unit's revenue in 2012 too.

The unit's profitability "stands on stable feet", Talos said.

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