InduComp building HUF 180 mln plant
Hungarian-owned InduComp, which makes toroidal transformers and induction coils, is building a HUF 180 million plant in the Tata Industrial Park, managing director Mónika Holczinger said.
The 1,300sqm plant is expected to be completed early next year, Holczinger said. InduComp will move all of its production from a base it rents at present to the new plant, she added. InduComp won a HUF 83 million grant for the investment. The company will make eight new hires after the plant is completed. It currently employs 25 people. InduComp had revenue of HUF 460 million in 2011.
ADVERTISEMENT
Tender for Home Solar Panel, Battery Subsidies Announced
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ing...
Budapest Police Seize Nearly 155 kg of Cocaine in Drug Bust
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.
