Iron-Tech Zrt completes EU-supported investment
Iron-Tech Kereskedelmi, Szolgaltato es Termelo Zrt, a company that produces metal parts primarily for the automobile industry, completed a HUF 200m technological investment at its plant in Szigetvar (S Hungary), company owner-CEO Tibor Bocskor told MTI on Wednesday.
Mr Bocskor said that Iron-Tech had received HUF 68m in European Union funding for the investment to purchase new machinery, which the company placed into operation in December.
Iron-Tech posts annual profit of around HUF 200m on revenue of HUF 1.2bn.
The company employs an average of 85-90 workers.
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.