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Inconex projects revenue of HUF 2.5bn for 2011, almost level with pre-crisis turnover

Metal-processing company Inconex Iron and Metal Industry company projects revenue of more than HUF 2.5bn this year, coming close to its annual turnover of HUF 2.7bn recorded before the crisis, business daily Vilaggazdasag said on Friday, quoting company managing director and main owner Lajos Szabad.

The Hungarian company, which supplies products primarily for German manufacturers of brewery equipment and industrial filters, is currently purchasing new machinery worth HUF 100m, 20% of which is financed from European Union funding.