HungaryTrends – The week in business and finance
Change language:
See below MTI’s main business and financial news from the previous week.
DYNAMIT NOBEL DEFENCE TO SET UP HUNGARIAN JV
Germany’s Dynamit Nobel Defence signed an MoU on establishing a JV in Hungary making armour and parts for armour-piercing weapons. The JV will make explosive reactive armour in the first two years while starting manufacture of parts for shoulder-launched armour-piercing weapons. The JV is slated to manufacture an entire version of Dynamit Nobel Defence’s RGW shoulder-launched weapon within five years.
BERES LAYS CORNERSTONE OF HUF 6BN EXPANSION
Hungarian pharmaceutical company Beres laid the cornerstone of a more than 6 billion forint (EUR 16.4m) expansion at its base in Szolnok, in south-eastern Hungary. Beres will add 2,050sqm to its production area and install an automated line to turn out its flagship immune fortifier Beres Drops.