Hankook to boost Hungarian output

Pharma

South Korea’s Hankook Tire plans to double capacity at its base in Hungary, Hankook Tire Magyarország PR manager Katalin Roy said.

Hankook plans to boost its daily capacity from 15,000 to 31,000 tires by 2010, Roy said. The expansion will involve increasing the area of the plant in Dunaújváros, south of Budapest, by 40%. As a result of the expansion, Hankook will raise staff numbers by 300 to 1,500. Hankook has already applied for the necessary environmental licenses for the expansion, Roy said. Roy declined to reveal the cost of the investment. However, Hankook said when it opened the plant that it would spend EUR 500 million in investments at the base by 2010. Newswire MTI learnt the expansion would start in June and be completed within one year. (Napi Gazdaság)

 

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.