Grundfos pumps up production 5 times by 2008
Tuesday, February 8, 2005, 09:05
In 2004, Danish-owned industrial pump manufacturer Grundfos Hungária Kft increased its revenue from Ft 6 billion to Ft 7 billion year-on-year, while after-tax profit rose from Ft 240 million to Ft 270 million ? Managing Director József Janvári said. The company expects a 10% revenue increase this year and plans to boost production capacities five times over the next four years from 20,000 to 100,000 pumps to meet demand from the new infrastructure projects launched after Hungary?s EU entry. Founded in 1996, Grundfos Hungária invested Ft 10 billion in its plant in Tatabánya since 1999. The company?s market share is now more than 30%.