BUDAPEST: Fehrer Automotive-Raba, which produces foam products for car seats, completed a HUF 3.48 billion expansion at its base in Mór, central Hungary, according to state news agency MTI.
Fehrer used the funds, HUF 639 million of which were provided by a grant from the European Union, to renovate its production hall, build a warehouse, install three production lines and improve its infrastructure. The investment has also seen to the creation of 100 new jobs raising headcount to 381. Last year, Fehrer reported revenue of €35.4 million and €2.4 million in operating profit.
