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Csaba Metal investing HUF 923m at plants in E Hungary

Aluminum die-casting company Csaba Metal has begun a HUF 923.21m investment to purchase new machinery and IT equipment at its plants in Bekescsaba and Szeghalom (both E Hungary), the company told MTI on Thursday.

The 100% Hungarian-owned company received HUF 187.44m in support through the New Szechenyi Plan for the investment, which it expects to complete by the end of this year.

Csaba Metal, which employs 467 workers, generated revenue of HUF 4.7bn in 2010.