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Pannon Tools signs with EMT

Pannon Tools Kft signed 10-year contract with EMT Hungary Kft, general manager Lajos Tóth, reports Napi Gazdaság. According to the several billion Forint agreement, EMT will hire two-third of Pannon Tools' new plant in Gyor and Pannon Tools will also produce tools and extruded component parts for EMT in its other plant. Thus EMT will supply to French car manufacturer PSA-group's factory in Trnava (Slovakia). In addition, Pannon Tools decided to carry out a Ft 100 million investment to buy new machinery. Tóth did not deny rumors of negotiations between Pannon Tools and German car manufacturer BMW regarding the production of instruments and components for the company. (NG 1) G.R.