Vestfrost to expand Hungarian facility

Vestfrost to expand Hungarian facility

Published at: 2018-12-05 09:46 | Author: CIJEurope.com
Vestfrost is planning to expand its facility in Csongrád, southern Hungary. The Hungarian unit of the Danish appliance manufacturer will invest HUF €4.4bn in the expansion project. The Hungarian government is supporting the investment with a HUF 1.05bn grant. There are currently 175 people employed at the facility, with that number expected to increase by an additional 93 following the expansion. The Hungarian-Danish trade flow increased by 13 percent, exceeding €1.3bn, last year.

Similar Stories:

CTP Romania’s class A industrial portfolio hits 1 million sqm in 2018
CTP’s Romanian portfolio hit 1 million sqm of class A industrial space in 2018. The deve  »
Bella Bulgaria expands Serbia operations
The Bulgarian based food company Bella Bulgaria is planning to expand in South East Europe  »
Gebrüder Weiss set to open new logistics center in Croatia
Gebrüder Weiss is investing €17m in a new logistics center in Sveta Nedelja near Zagreb  »
Saller Group starts construction of Park Handlowy in Śrem
Saller Group broke ground on Park Handlowy in Śrem, 40 km south of Poznań. THe retail pa  »
How do you explain the fact that new investments haven’t stopped, even though employers   »
Construction has begun on Cargo City at the Budapest airport, part of a larger €160m inv   »
What would a successful year be for Panattoni Europe in the Czech Republic? For us, we   »
Romania’s logistics sector is expanding hand in hand with growing consumption and purcha   »