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InduComp building HUF 180 mln plant

Hungarian-owned InduComp, which makes toroidal transformers and induction coils, is building a HUF 180 million plant in the Tata Industrial Park, managing director Mónika Holczinger said.

The 1,300sqm plant is expected to be completed early next year, Holczinger said. InduComp will move all of its production from a base it rents at present to the new plant, she added. InduComp won a HUF 83 million grant for the investment. The company will make eight new hires after the plant is completed. It currently employs 25 people. InduComp had revenue of HUF 460 million in 2011.