AKE creates regional center in Szombathely, Hungary


Germany’s Albert Knebel (AKE) Holding GmbH, one of the largest wood industry machine and tool makers in the world, will not only carry out developments and capacity expansion in its Hungarian subsidiary AKEHungária Tool Maker and Dealer Kft, but also makes it the CEE regional center of the holding, AKEHungária confirmed daily NAPI Gazdaság information.

In fact, Albert Knebel Holding GmbH is to enable AKEHungária to do all the activities of the group serving its CEE partners from Szombathely, AKEHungária’s HQ. AKE founded AKEHungária in 1990 and in 2000 built a new production base through a green field investment and has spent hundreds of millions of forints on development since then. At the same time there were more and more, mainly labor-intensive products whose production was shifted to the Hungarian subsidiary. AKEHungária expects a growth of sales in the range of Ft 100 million ($547000) this year. (Napi Gazdaság)


Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


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.