The Hungarian unit of German motor home maker Knaus Tabbert will shut down production because of the lack of orders after its parent company has filed for bankruptcy protection, managing director József Botka told MTI.
The want to keep the plant operational until the end of January, when the market is expected to stabilize, Botka said. The German official in charge of Knaus Tabbert's bankruptcy is considering selling the company's Hungarian plant, he added.
Knaus Tabbert Hungary exported 4,794 trailers and 286 caravans in 2007, Econews reported earlier. In the same year, it completed a Ft 100 million investment at its production base near Budapest, and it invested another Ft 100 million in a new production hall this year.
The unit had after-tax profit of Ft 86 million on revenue of Ft 3.4 billion in its business year ended July 31, 2007, non-audited figures show. Profits fell from Ft 123 million in the previous year, but revenue rose from Ft 3.3 billion. (MTI – Econews)