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Grundfos to open factory in May

Grundfos A/S, the world's largest maker of circulator pumps, plans to open its second plant in Hungary in May, Világgazdaság said, citing József Jánvári, head of the company's Hungarian unit.

The Danish company is building a 25,000 square-meter facility in Székesfehérvár to make pumps for wastewater treatment. It will employ about 350 people, the newspaper reported. Grundfos invested Ft 6.5 billion in Hungary last year, about a third of which was devoted to building the new plant. It plans to invest an additional Ft 10 billion in Hungary this year, Világgazdaság said. The company seeks to tap a need for clean water in emerging markets. (Bloomberg.)