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Gedia Hungary expects revenue hike to HUF 7 bln in 2011

German-owned automotive industry supplier Gedia Hungary expects revenue to climb to HUF 7 billion this year from HUF 4 billion in 2010, business daily Napi Gazdaság said on Friday.

Gedia Hungary had revenue of HUF 3 billion in 2009, managing director József Fenyves told the paper.

Gedia Hungary has just finished a test run of a 1,100-tonne press, part of a HUF 1.6 billion investment at its base in Tata (NW Hungary), Fenyves said.