The Austrian company Binder Ipari Szerkezetépítő Kft. is investing HUF 3 billion (approx. EUR 8 million euros) in Csönge, Vas County. As part of the development, the company is expanding its capacities in sheet metal processing and steel construction.
The government is providing HUF 460 million (EUR 1.2 million) in support, as the investment will secure 150 jobs. The project fits perfectly into Hungary’s national economic strategy. All products manufactured here are exported and 75% of the company’s suppliers are Hungarian.
In addition, the production value of Hungary’s domestic metal industry reached nearly HUF 4 billion (EUR 10.5 million) last year, setting another new record.