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RW Hídtechnika undertakes HUF 125 mln expansion

Austrian-owned bridge builder Reisner + Wolff (RW) Hídtechnika is spending HUF 125 million to expand its production base in Nyírtelek, managing director László Lukács told MTI.

European Union funding is covering HUF 49 million of the cost of the investment, Lukács said.

RW Hídtechnika will hire twelve people to work the new capacity. Headcount now stands at 65, but could rise to 90 later, Lukács said.

RW Hídtechnika had revenue of HUF 1.3 billion in 2010, up from HUF 1.1 billion in 2009.