ADVERTISEMENT

Hungarian can maker rescued by US peer

Tourism

Troubled Hungarian aerosol can maker Szenna Pack, which was recently bought by a unit of US peer Exal Corporation, will soon restart production, regional daily Somogyi Hírlap said on Wednesday.

Some of the company's six production lines need another 1-2 months of maintenance before they can relaunch, the paper said.

US-based extruded aluminum can maker Exal Corporation reached an agreement to acquire Szenna Pack for €14 million and pay off some of its debts late last year, Econews reported earlier.

Family-owned Szenna Pack filed for bankruptcy protection in July because of a poorly-timed investment.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.