Unit managing director Norbert Meleg said production area received the expansion, reaching approximately 9,000 sqm as compared to the previous 3,000 sqm.
Meleg said the investment was financed entirely with internal funds, 40% of the costs being spent on building the production hall and 60% on equipment. The investment is expected to raise headcount by 50-80 from 500 by 2016.
The new production unit will produce paper and soap dispensers. The unit had revenue of €55.4 mln in 2013.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
