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Aerzen Hungaria inaugurates HUF 400 mln compressor plant

German-owned Aerzen Hungária has inaugurated a HUF 400 million compressor plant in Esztergom, near Budapest, managing director András Legányi told MTI on Monday. Moving the design and production of the compressors to Esztergom will create 50 jobs by the end of 2013, Legányi said. Parent company Aerzen is paying for the project by reinvesting locally-generated profits, he added. Aerzen Hungária expects revenue to climb over HUF 2.5 billion this year from more than HUF 1 billion in 2012, boosted by big export orders from Croatia, Poland, Germany and Russia