Kemira to boost Hungarian fertilizer output by 36%
Kemira Oyj of Finland is planning to raise its fertilizer output and sales in Hungary, Világgazdaság reported citing a company executive.
Kemira GrowHow Hungary Kft, the company's local fertilizer unit, would boost the annual capacity of its plant in Peremarton to as much as 150,000 tons next year from 110,000 tons in 2005, the paper said. Kemira GrowHow would further raise its output to about 200,000 tons over the next few years, Világgazdaság added.
The company expects sales to rise by three to 10% annually in Hungary and by 20% to 50% on its export markets in Eastern Europe, Sales Director István Zajacz told the paper. Kemira GrowHow expects the Bulgarian, Romanian and Bosnian markets to expand significantly, Zajacz added.
ADVERTISEMENT
Minister Asks Banks to Introduce Voluntary Rate Caps
Gov't Raises 2023 Deficit Target to 5.2% of GDP
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.
