Transit Speed completes HUF 1bn logistics development
Hungary’s Transit Speed has completed an almost HUF 1bn logistics develompent at its base in Mandok (E Hungary), the company said. European Union and state grant money covered almost HUF 490m of the HUF 980m investment, said chief accountant Bernadett Szeles Kallai. The investment involved the construction of a 10,000sqm warehouse and the purchase of new machinery. Transit Speed had net revenue of HUF 1.38bn last year. This year, it expects turnover to grow more than 10pc.
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