The construction of a 5,400 square-meter production hall and the installation of automated equipment will raise capacity at the base by about 50% to 150,000-160,000 units a year, said CEO Ferenc Finta.
Wamsler owner Opus Global is covering a little more than HUF 1 bln of the cost and bank credit is financing the rest.
Opus Global owner Lőrinc Mészáros said Wamsler is expected to generate annual profit of HUF 700-800 million in one or two years. Wamsler controls 7-8% of the European market for fireplaces and stoves, according to state news wire MTI.
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