Nolato investing €7m at Hungary unit
Swedish hygiene and health product maker Nolato is investing €7m to expand capacity and broaden the product range at its unit in Mosonmagyaróvár (NW Hungary), Nolato Magyarország managing director Johan Arvidsson said at a press conference on Wednesday.
The unit won a HUF 430m grant to support the investment, which will add 50 employees to a staff of more than 400, Arvidsson said.
Nolato Magyarország expects to close 2011 with revenue of €41m.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.