BUDAPEST: Hungarian automotive industry supplier Bourns inaugurated a HUF 1.8 billion expansion at its base in Ajka, northwestern Hungary, today, Hungarian news agency MTI reported.
The investment will be used to expand the companyʼs production hall by 5,000 sqm and will reportedly create 50 new jobs, state secretary Béla Glattfelder said. The expansion is also expected to increase the company’s revenue by 10% from HUF 12 billion, he added.