Balluff, Csetény village council partner on HUF 650 mln plant

Recycling

The Hungarian unit of Germanyʼs Balluff, a maker of sensors used in automated industrial applications, and the village council of Csetény (some 81 km west of Budapest) inaugurated a more than HUF 650 million plant on Monday, creating more than 80 jobs, state news wire MTI reported.

Some of Balluffʼs sensors.

The local council paid HUF 450 million for the construction of the 1,600 square-meter plant, which Balluff-Elektronika outfitted with a HUF 200 mln state grant.

Balluff-Elektronika is only using half of the plant at present, but aims to ramp up production and start using the rest of it by yearʼs end, said Managing Director Tamás Ötvös.

Ötvös estimated the unit generated revenue of more than HUF 30 billion in 2018, up from HUF 28.2 bln in 2017.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.