Papst Hungary, part of the German fan manufacturer EBM-Papst, plans to investment €4.5m in its Vecsés plant. The project will include a new production hall and warehouse which will create 300 new jobs. Construction is set to be completed by the end of fall. In the second phase, the company plans to build another 5,000 sqm of production space. Papst Hungary is expecting to see a 30-percent increase in revenue between 2016 and 2017 and a 60-percent increase in turnover.
