Festék Bázis Building New Production Hall

Manufacturing

Image by Shutterstock.com

Festék Bázis Gyártó és Kereskedelmi Kft. is building a new 300 sqm production hall in Jánosháza (148 km southwest of the capital), according to a report by hirado.hu.

The foundation stone of the new facility was laid on Wednesday, the company's CEO, Imre Hancs, said.

He added that the company won more than HUF 160 million in EU funding for the HUF 320 mln development under the Széchenyi Plus program. To that has been added HUF 60 mln of the company's own resources and HUF 100 mln in loans.

The firm produces 650,000 liters of paint per year. Its products are sold domestically and can be found on the shelves of 70% of the country's paint shops, Hancs noted. The new production hall will produce solvent-based paints, and production technology will be improved, allowing the company to produce paints that can provide electrostatic discharge (ESD) protection to treated surfaces.

The development is expected to increase sales by HUF 50 mln-100 mln from the first year, with plans to add five-10 people to the current 43 staff working at the company.

ADVERTISEMENT

Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical... Energy Trade

Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical...

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

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.