Hantech boosts capacity via HUF 350 mln expansion

Telco

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.

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