Cable maker Fux targets sales exceeding HUF 7 bln in 2015

Analysis

Hungarian cable maker Fux is targeting revenue of more than HUF 7 bln this year, approximately the same as last year, owner and CEO István Barkóczi said, according to Hungarian news agency MTI. Exports generated more than two-thirds of the company’s revenue last year. 

Fux manufactures insulated overhead conductors and underground cables. It also runs a special measurement laboratory with the material sciences department of the University of Miskolc in northeastern Hungary, where it is based.

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