Roto Elzett Certa spending HUF 3bn to expand capacity

Pharma

German-owned window systems maker Roto Elzett Certa is spending almost HUF 3bn to expand production and warehouse capacity at its plant in Lovo (W Hungary), managing director Erno Kocsis said at a press conference on Tuesday.

The company won a HUF 660m grant from the New Szechenyi Plan for the investment, Mr Kocsis said.

The investment will boost output of the company by 5% from an annual 18m units at present, he told MTI.

The company had net revenue of €71m last year.

ADVERTISEMENT

Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20

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.