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Federal Mogul Hungary unit sees revenue at even HUF 14 billion

The Hungarian unit of US automotive industry supplier Federal Mogul expects revenue of HUF 13 billion-HUF 14 billion in 2010, up from HUF 12 billion in 2009, plant head Gyula Ferenczi said at a press conference on Tuesday.

Federal Mogul employs about 650 people, down from 800 before the crisis, but up 50-70 from the middle of 2009, Ferenczi said.

Federal Mogul exports 99% of its output, which includes gaskets, ball bearings and windshield wipers. BMW, Volkswagen, Daimler, Continental and Bosch are among its biggest partners. (MTI-ECONEWS)