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Gedia Magyarország expects revenue over HUF 10 bln

German-owned vehicle parts maker Gedia Magyarország expects net revenue to rise more than 30% over HUF 10 billion this year, business daily Napi Gazdaság said on Wednesday.

Even when the automotive industry was in the depths of the crisis, Gedia Magyarország continued to make investments, the paper said.

Gedia Magyarorszag has so far spent HUF 8 billion at its base in the Tata industrial park (NW Hungary).