Global business

RAGT to Build Seed-Planting Processor in Hungary

French-owned RAGT Semences will soon start building a seed-planting processing and packaging facility in the Morahalom industrial park (SE Hungary), company director Didier Nury said on August 30.


SMR Subsidiary Expands Production in Hungary

Samvardhana Motherson Refletec (SMR), an Indian-based multinational rear-view mirror manufacturer has broken ground for a new 15 000 sqm production facility near the north-western Hungarian town of Mosonmagyaróvár.


Hungarian Energy Giant Test Drill is Promising

The results of further testing of the Butmah (1783 to 1814m) section of the Jurassic on its Shaikan-1 discovery well have been announced by MOL.


Electric Car Rental Network in Budapest

The prototype of the first Hungarian-designed electric car, Bontino Caffo, developed by Brixxon Electric MotorCars, will hit the roads of Budapest next year.


Synergon’s Operating H1 Profit Was HUF 97 Million

The Synergon Group reached  sales revenue of HUF 8,139 million in H1 2010. The 6 pct deficit of Q1 was decreased during Q2.


Magyar Telekom: Strong Cash Flow Despite Continued Top Line Pressure

Revenues were down by 7.1 pct to HUF 297.8 billion in the first six months of 2010 compared with the same period in 2009.


PRESS MONITOR

International news sources report on Hungarian business and economy.


Sapa Profiles Expands Production in Hungary

Norwegian-owned Sapa Profiles, the world’s largest producer of light aluminum profiles, laid the cornerstone of a new 8,000 sqm production facility in Szekesfehervar on Tuesday.


Hajdu Completes HUF 780 Million Water Boiler Production Investment

Hungarian-owned Hajdu Hajdusagi Ipari has completed a HUF 780 million investment to expand and improve water boiler production capacity at its plant in Teglas, CEO Anna Novotni-Dede said at a press conference on July 23.


Teva Inaugurates HUF 20 Billion Drug Packaging Plant in Hungary

Israeli generic drug maker Teva inaugurated a HUF 20 billion drug packaging plant.


News Monitoring