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Lathing company Babits builds HUF 167m production hall

Hungarian lathing company Babits is building a HUF 167 million production hall in the Esztergom Industrial Park, north of Budapest, managing director Mihály Babits told MTI on Tuesday.

European Union funding is covering almost HUF 70 million of the cost of building the 800 square meter hall, Babits said. The hall will be inaugurated on September 15, he added.

Babits has produced 640 different parts thus far. It is a supplier to several multinational companies.

The company, which employs eight staff, had revenue of more than HUF 150 million in 2009. (MTI-Econews)