Axial building HUF 2 bln parts warehouse
Image by Shutterstock.com
Hungarian farm and construction industry machinery dealer Axial is building a HUF 2 billion automated parts warehouse at its base in Baja (about 146 km south of Budapest), Finance Minister Mihály Varga said in a video posted on his Facebook page on Monday.
The government is supporting the investment, which will preserve 800 jobs, with a HUF 1 bln grant, Varga said.
Axial supplies close to 10,000 tonnes of parts a year to its business partners in the farming, construction, and logistics industries, owner and managing director Zsolt Harsányi said in the video.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
