Béres inaugurates HUF 3.2 bln capacity expansion
Hungarian dietary supplements maker Béres Gyógyszergyár inaugurated a HUF 3.2 billion capacity expansion Thursday at its base in Szolnok, east-central Hungary, in a ceremony attended by Prime Minister Viktor Orbán, state news wire MTI reported.
A government grant covered half of the cost of the investment, which has created 60 jobs.
Chairman József Béres said the investment raised the Good Manufacturing Practice-certified production area at the plant by 1,027 square meters to 3,700 sqm, while nearly doubling overall production capacity and increasing warehouse space by 40%. Headcount at the base now stands at 279, he added.
In his speech at the ceremony, Orbán said Béres is a company "with a face rather than a brand."
Béres had after-tax profits of HUF 3.3 bln on revenues of HUF 10.6 bln last year, MTI noted.
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.