Karsai Alba to up capacity with government grant
Karsai Alba, a manufacturer of plastic packaging for the pharmaceutical industry, will spend HUF 286 million on a capacity-increasing investment with a HUF 100 mln government grant, Minister for National Economy Mihály Varga said in Székesfehérvár on Friday, according to Hungarian news agency MTI.
The government has helped 49 large companiesʼ capacity-increasing investments with more than HUF 70 billion as part of its support program launched in 2015, creating more than 1,600 jobs, Varga said.
The government launched a support program in 2015 for big companies that are not eligible for European Union funding but upgrade their technology, increase their production capacity and create workplaces.
Karsai Alba employs 170 workers at two sites. The company had revenue of HUF 2.1 billion in 2015.
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.