Zoltek completes first phase of Ft 20 bln expansion at Hungarian plant
US carbon fiber maker Zoltek completed the first phase of a Ft 20 billion investment at its plant in Nyergesújfalu, north of Budapest, boosting capacity by 50%, business daily Napi Gazdaság reported on Monday.
CEO Zsolt Rumy earlier said that from the end of 2007 or the beginning of 2008, a third of the world's carbon fiber production would take place in Hungary.
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