Schafer-Oesterle to build HUF 500 mln hall at base
German car interior manufacturer Schafer-Oesterle yesterday signed a contract on the construction of a HUF 500 mln production hall at its base in Bonyhád, southwestern Hungary, national news agency MTI reported.
Under the agreement, which was signed by Schafer-Oesterle managing directors Christian Kohorst and Volker Hermann, Bonyhád mayor Ibolya Ferencz Filó and managing director of the local industrial park Rajmund Futár, the German company is committed to increase headcount by 150 to 300 next year, following the completion of the 4,000 sqm production hall.
The companyʼs local unit expects revenue to rise to €8 mln this year from €2 mln in 2014, while turnover is set to reach €16 mln by 2019, Kohorst said. MTI noted that Schafer-Oesterle already has one 4,000 sqm production hall in the Bonyhád industrial park, built for HUF 947 mln last year.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
