Euro-Novex to begin operating tire-shredder

Pharma

Hungarian waste-management company Euro-Novex will begin operating a Ft 2 billion (€8.49 million) in Újszilvas (C Hungary) in the middle of July.

The tire-shredder will be the largest such facility in Hungary with an annual capacity of 15,000 tons. The shredded tires will be used to make new tires as well as such rubber products such as floor mats and other vehicle parts, the business daily Világgazdaság reported on Monday.

The newspaper reported that in the next few months Euro-Novex will also begin production of artificial-turf athletic surfaces, for which shredded tire-rubber will serve as the base for turf imported from Italy.

Euro-Novex CEO Tünde Bencsik told Világgazdaság that the company, which will also provide lighting and maintenance for the athletic fields, has already received orders for five large football pitches and more than a dozen team-handball courts.

Euro-Novex generated revenue of Ft 528.5 million and after-tax profit of Ft 97.6 million in 2006, the newspaper wrote. (MTI – Econews)

ADVERTISEMENT

Raiffeisen predicts 4.5% GDP growth for 2022 Analysis

Raiffeisen predicts 4.5% GDP growth for 2022

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.