# Gémtech launches HUF 1B capacity expansion with CNC machinery

Gémtech Gépészeti Mérnöki Technológia launched a nearly HUF 1 billion capacity expansion, buying two multifunctional CNC portal machines for simultaneous machining of large steel structures.

- Type: Investment
- Announced: 2018-09-13
- Where: Napkor, Hungary
- Value: $3.50M (1.00B HUF)
- Status: announced
- Products: steel structures
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Gémtech Gépészeti Mérnöki Technológia](https://endata.com/companies/19034.md)

## Sources

- [autopro.hu](https://autopro.hu/en/news/gemtech-buys-cnc-machinery-with-huf-1bln-investment/235054), 2018-09-13: "Napkor-based steel structures manufacturer Gémtech Gépészeti Mérnöki Technológia has launched a nearly HUF 1 billion capacity expansion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.