Automotive orders drive expansion at industrial textile producer
In 2017, industrial textile manufacturer Tolnatext Bt. increased its revenues by 5 percent, and is expecting an even higher growth rate for this year, the company’s CEO announced this week.
Róbert Horváth said in 2017, the company registered a net sales revenue of HUF 6.1 billion, up from 5.7 billion in 2016, with earnings after taxes also showing a slight growth from two years ago.
In 2017, the company spent HUF 150 million on investments increasing productivity, including the renovation of two manufacturing facilities and the procurement of new equipment.
