German-owned transport industry supplier Hubner Hungary is undertaking a €10m expansion that will make it the parent company’s most important production unit, managing director Ingo Heerdt said at a press conference in Nyiregyhaza, the site of the plant, on Wednesday.
Hubner Hungary will build an 8,000sqm production hall and expand its existing hall at a cost of €5m, Mr Heerdt said. It will spend another €5m to install the latest production technology, he added.
The company will make 170 new hires by the first half of next year, he said.
The expansion is expected to boost annual revenue of the unit from €27m to €35m.