Hungary’s gov’t signs strategic partnership agreement with Festo
The Hungarian government has signed a strategic partnership with the Hungarian subsidiary of electro-mechanical systems manufacturer Festo, reported Magyar Közlöny last week.
Pneumatic and electromechanical parts manufacturer Festo Hungary, a supplier of transmission systems to the auto industry, was established in 1991.
According to public company data, in 2012, Festo Hungary registered an income of HUF 20 billion and employed 690 people.
