Viessmann winds up HUF 230 mln expansion at Bátonyterenye plant
Viessmann announced last week that it had completed a HUF 230 mln expansion at its plant in Bátonyterenye in northeastern Hungary, state news agency MTI reported. The unit manufactures accessories for model railways and has been in operation since 1992.
The company won HUF 88 mln in EU grants for the project. Viessman had after-tax profit of HUF 22.6 mln on sales revenue of HUF 912 mln in 2013, according to its records, and it paid dividends of HUF 4.2 mln in that same year.
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.