Palotás-Mix building HUF 717 million rubber mixing plant
Rubber producer Palotás-Mix is building a HUF 717 million mixing plant at its base in Kemeneshőgyész, founder László Palotás told MTI. The expansion is serving the automation of a process having been undertaken manually in the past, Palotás added.
The new plant is expected to be completed by September. The construction is covered by a HUF 102 million European Union and state grant won by Palotás-Mix. The company delivers its products to about a hundred businesses allowing them to sell 1,300 tons of formulated rubber in 2013.
Approximately 40 people work at the plant, but headcount would rise to 50 with the investment. Palotas-Mix's revenue climbed 12% to HUF 1.35 billion last year. According to Palotás the company could reach the targeted 10% increase in turnover this year.
-- Christian Keszthelyi contributed to this article
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.