HUF 170 million logistics base inaugurated
Germany-based fastener maker Ferdinand Gross inaugurated a HUF 710 million (approximately €2.32 million) logistics base in the Tatabánya industrial park in northwest Hungary yesterday.
Ferdinand Gross Hungary managing director Péter Szilágyvári said the 2,090 square meters warehouse could allow the unit to dramatically increase its output to meet demand.
The unit, which employs 20 people, targets revenue of HUF 1.4 billion this year.
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.