The company won a HUF 851m European Union grant for the development, which includes purchasing a flexographic printing equipment, increasing production capacity by 20 million square meters.

Galambos told MTI that the equipment, worth €2.7 mln, will be unique in Hungary and only one or two plants have equipment of a similar size in the CEE region.

Test operation of the new equipment is scheduled to end at the end of November and full production capacity will be reached from mid-January.

Galambos said the plant had revenue of HUF 12bn in 2013 and projects a revenue increase both this year and in 2015. Dunapack is owned by Austria’s Prinzhorn group.