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BILK completes HUF 1.5 bln warehouse

The Budapest intermodal logistics center (BILK) has completed a HUF 1.5 billion, 10,000-square-meter cross docking warehouse, business daily Világgazdaság reported.

BILK has borrowed €38 million and used more than HUF 2 billion of its own resources for investments since 2003, BILK CEO Miklós Marján told the paper.

About 1,200 tractor trailers are loaded an unloaded at BILK each day.

BILK expects revenue to rise to HUF 4 billion in 2009 because its modern, energy-efficient warehouses have boosted efficiency, Marján said. (MTI – Econews)