Hantech boosts capacity via HUF 350 mln expansion
Hungarian agricultural machinery producer Hantech inaugurated a HUF 350 million expansion at its base in Csorna Wednesday, according to reports. The investment has been supported with a HUF 82 mln European Union grant.
The investment, which includes equipment worth HUF 260 mln, is expected to raise the company’s capacity by approximately 5%, said supervisory board chairman György Tallér, according to Hungarian news agency MTI.
Hantech counts Kuhn, Welger, Claas, Kubota and John Deere among its business partners, MTI said, adding that last year the company posted revenue of HUF 3.5 billion.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.