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Danish Grundfos opens new pump plant in Hungary

Pump producer Grundfos A/S inaugurated its new, Ft 4.5 billion ($24.64 million, €17.64 million) plant in Székesfehérvár on Tuesday, marking the company’s third investment in Hungary.

The plant sprawls on nearly 26,000 square meters and currently has a staff of 140-150 people. Grundfos plans to add 50-60 employees to its workforce by the end of the year and to expand payroll up to 300-320 by 2008. The new facility will have an initial output of 200,000-210,000 sewage pumps a year, which it plans to increase to 300,000 units next year. (portfolio.hu)