Agro-Tipp Kft. from Tolna built an assembly hall
Agro-Tipp Kft. from Tolna, which trades in agricultural machinery, built an assembly hall of almost a thousand square meters with HUF 209 million support from the Economic Development and Innovation Operative Program Plus.
The company used the support for an investment of around half a billion forints, managing director Zsolt Rikkert told MTI. A 600-square-meter workshop was created in the 934-square-meter hall, forklifts and bridge cranes were purchased, and a 60-kilowatt solar panel and camera system were installed. The facility was built next to the existing 1,000-square-meter warehouse and 280-square-meter service, the project is expected to be completed at the beginning of November, he added. Founded in 1996, the 20-person company that distributes and services Steyr, Case, and McCormick tractors sells 50-90 tractors a year, and in 2022 achieved a tax profit of HUF 691 million with net sales of HUF 5 billion. According to the company manager, this year’s sales revenue is expected to be 60 percent of last year’s, partly due to the decrease in purchasing power caused by lower crop prices.
MTI
Related news
Arla invests in milk-drinks production
Arla Foods is looking to support the growth of its…
Read more >The purchase of agricultural machinery fell: data from the first quarter
According to the latest report of the Agricultural Economics Institute…
Read more >The harvest is going on, let’s be careful on the roads!
The harvest is taking place all over the country, which…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >