Construction for the expansion could start as soon as next year and would be completed a year later, Dobos said. The expansion comes as Bridgestone and Hankook, two of the world’s biggest tire makers, are building tire plants in Hungary.
Columbian Tiszai Carbon has annual sales of about $60 million. Exports to tire companies such as Continental, Michelin and Bridgestone, account for 90% of sales. Because of the expansion, the company will boost its staff numbers from the current 88. Columbian Tiszai Carbon was set up in 1993 by Columbian Chemicals Company (60%) and Hungarian chemicals company TVK Nyrt (40%). Columbian Chemicals Company bought out TVK for $19 million in 2000.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
