Payer Technologies to bring HUF 3.5 bn to Hungary

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Austria's Payer Technologies is to set up a HUF 3.5 billion production facility on 11,000 square metres in Hungary's Ajka by the end of July next year, www.mfor.hu has reported on Thursday.
Payer Industries Hungary Kft., which was established in Ajka in 1992 and currently operates with a staff of 500 people, posted revenues of HUF 8.5 billion last year.

The new plant is necessary so that Payer can meet an ever-growing demand for its products. The new production hall is to start operating on 1 August 2007. It will add injection moulded tools, and parts for the auto, electronics and pneumatics industries to the existing line of products.

The new plant will create 50 jobs and Payer Technologies plans to have a total payroll of 600 people by 2008.

Payer Technologies is serving Healthcare providers today, with advances in Electronic Health Records (EHR) systems. Our competitive edge is our use of superior technology, speed to market, our solid, credible reputation among the Blue Cross/Blue Shield communities, and our strong relationships among the Blues, labor unions and related organizations throughout the country.
 

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