GE moves some lighting fixture production to Hungary

Recycling

General Electric (GE) is moving some of its lighting fixture production from its plant in Vicenza, Italy, to Nagykanizsa, southwest Hungary), creating another 50 jobs at the Hungarian plant, plant manager Balázs Vizi said on Sunday.

The production involves monthly 150,000-200,000 of the fixtures, which are new to the plant's line, Vizi said. Sales of lighting fixtures accounted for Ft 173.74 billion of revenue at GE's Hungarian unit in 2004, the latest period for which figures are available. Sales included exports of Ft 169.24 billion. The unit had total sales of Ft 467.42 billion in 2004, compared to Ft 391.22 billion in 2003.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.