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Knitwear maker sells more for export

State-owned knitwear company SZEFO, which mainly employs disabled workers, has increased this year's export order stock by EUR 1m to EUR 3.2m compared to 2010, Company President and CEO Sándor Kiss told MTI.

The Szeged (S Hungary)-based company had sales revenue of HUF 740m after deduction of raw materials in 2010, according to preliminary figures, and projects a HUF 100m increase in revenue this year. SZEFO's pre-tax profit amounted to HUF 25.6m in 2010.

SZEFO has 800 employees, 64pc of whom are disabled. The company received government subsidies of HUF 619m in 2009 and HUF 519m in 2010 for employing disabled people.

Thanks to the increased order stock, SZEFO Zrt raised the number of its employees and started operating its unit of 80 workers in Orosháza (S Hungary) on January 3.

The company's main business line is fashion knitwear, including anti-bacterial outerwear using antimicrobial silver, based on patented nano-silver technology developed jointly with the staff of the University of Szeged. Its main partner is the Italian Dama SpA , but it also has a contract with the Legrand Group for the production of power distribution control equipment. (MTI)