Payer International to develop Hungarian operation

Deals

Austria’s electronic beauty care products manufacturer, Payer International Technologies GmbH is to relocate further production capacities to its Hungarian base, motivated by more advantageous operating expenses, as confirmed by company officials at the Hungarian subsidiary, seated in Ajka.

At the same time Payer Industries Hungary Kft is to become the firm’s largest production base as a result of a complex investment scheme, which will improve product development and add new technologies to the Ajka plant. Payer is continuously developing its Hungarian arm: during the spring, it launched a €12 million ($16.6 million) geenfield project in the Ajka industrial park. (Napi Gazdaság)

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