Donauchem opens new HUF 1.5 bln base in Hungary

Industrial

(Wikimedia Commons/Josef Moser)

The Hungarian subsidiary of chemicals firm Donau Chemie AG yesterday inaugurated a distribution base and an office in Budapest, Angela Sebestyén, managing director of Donauchem, said yesterday, according to reports.

(Wikimedia Commons/Josef Moser)

The 3,500 sqm base was built through a HUF 1.5 billion investment. The base is suitable for storing and processing dangerous material, according to Hungarian news agency MTI. The base raised the companyʼs area of operation in Hungary by 40%, Sebestyén said. 

Donauchem had combined revenue of more than HUF 2.5 bln from its two bases in Hungary last year, MTI said. The company employs 55 people in Budapest and Kazincbarcika, 15% more than a year earlier, MTI added.

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