DHL Express Hungary To Invest 17.8 Mln Euro in Logistic Centre
DHL Express Hungary, the local arm of German express delivery group DHL, will invest 4.5 bln Hungarian forints (USD23.5 mln/17.8 mln euro) in the construction of a logistic centre in Budapest, Hungary’s Economy and Transport Ministry said on February 21, 2007.
The new logistic centre, due for completion by July 2007, will take up a three-hectare plot in Busdapest district of Ferencvaros, DHL Express Hungary CEO, Martin Struder, said.
The centre will create several hundred of jobs, added Struder.
DHL Express Hungary revenues rose 25 pct year-on-year to 9.3 bln forints (USD48.6 mln/36.8 mln euro) in 2006, from 7.5 bln forints (USD39.2 mln/29.7 mln euro) in 2005. The company’s customers exceeded 15,000 as at end-2006.
Struder and the Hungarian Economy and Transport deputy minister Abel Garamhegyi attended the ceremony on the foundation stone’s laying.
DHL Express is a subsidiary of German postal services group Deutsche Post.
