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Furniture company Árkossy Bútor has built a new factory and warehouse at its production base in Herend (C Hungary) at a combined cost of HUF 213 million, company CEO Tamás Árkossy announced on Wednesday.
The company received HUF 100 million in European Union support for the investment.
Árkossy Bútor expects to generate revenue of HUF 550 million this year, up from revenue of HUF 500 million last year.
Árkossy Bútor has hired seven more employees as a result of the investment, bringing the total number of workers the company employs to 62.