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GÜNTNER TATA TO SPEND HUF 8 BN ON EXPANSION IN W HUNGARY

 

German-owned Güntner Tata Hűtőtechnika, which makes refrigeration technology, will invest 8 billion forints (EUR 25.3m) at its base in the western Hungarian town of Tata, creating 150 jobs. The investment is supported with a 1.5 billion forint government grant, Levente Magyar, a state secretary of the ministry of foreign affairs and trade, said.  Managing director Tamás Schwarzenberger said the investment will add a 9,000 square metre production hall and a logistic centre comprising a 6,500 square metre warehouse to the base. Güntner Tata Hűtőtechnika exported 95% of its output last year. The base in Tata is the group’s biggest production plant, which also performs development tasks.

The company had revenue of 151 billion forints in 2017, public records show. Güntner Tata signed a strategic cooperation agreement with the government on the occasion of the announcement of the investment.