Are you sure?

Ziehl-Abegg to launch 5 yr program

German-owned fan and drive manufacturer Ziehl-Abegg Kft is set to launch a five-year development program at its Marcali site, south-west Hungary, aimed to double production capacity. The investment, valued at billions of forints, is part of Ziehl-Abegg's bid to meet growing demand and relocate part of the parent company's production to Hungary. In the first phase of the development, the company will set up a new powder paint coating plant by Sept. 2006. Recently it has also completed construction on a new Ft 500-million grid manufacturing plant. Since setting up in Hungary ten years ago, Ziehl-Abegg has invested a total Ft 2.5 billion. (NG  4) S.F.