Kerox opens HUF 4.45 bln factory in central Hungary

Pharma

Hungarian-owned Kerox Kft, which manufactures cartridges for mono mixer taps inaugurated its 22,000 sqm factory in Soskut, central Hungary, Hungarian news agency MTI reported this morning.

The company received a HUF 335 mln subsidy from the government in the form of direct funding and tax relief for the HUF 4.45 bln investment, MTI reported.

The investment has created 150 jobs, Minister of Foreign Affairs and Trade Péter Szijjártó said at the inauguration event, while he stressed the importance of diversifying Hungarian exports.

Kerox exports its products to 40 countries and has approximately 400 clients worldwide. The company had sales revenue of HUF 11.5 bln in 2013, MTI added.

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