The new turning shop of Fábafém Ltd. in Mezőberény, SE Hungary, equipped with turning machines, has been completed with an investment of HUF 450 million.
As MTI reports, Fábafém Ltd. in Békés county won almost HUF 314 million from the EU's Economic Development and Innovation Operational Program Plus (GINOP), which it supplemented with around HUF 140 million of its own funds.
The money was used to build a new 1,100-square-meter production hall and to purchase four CNC lathes and a tool dispenser.
Managing Director Tibor Berner said that the company's first production hall of 1,400 square metres was built in 2010, and an 800 square metre warehouse in 2014.
Founded in 1993, the family business, originally a manufacturer of furniture ironmongery, now supplies chipped metal parts to the automotive, electronics, pneumatics and construction industries. Currently, 82 employees in three shifts are bale to produce 50-100,000 parts per day.
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