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Iron-Tech Zrt completes EU-supported investment

Iron-Tech Kereskedelmi, Szolgaltato es Termelo Zrt, a company that produces metal parts primarily for the automobile industry, completed a HUF 200m technological investment at its plant in Szigetvar (S Hungary), company owner-CEO Tibor Bocskor told MTI on Wednesday.

Mr Bocskor said that Iron-Tech had received HUF 68m in European Union funding for the investment to purchase new machinery, which the company placed into operation in December.

Iron-Tech posts annual profit of around HUF 200m on revenue of HUF 1.2bn.

The company employs an average of 85-90 workers.