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Edelmann eyes HUF 4.5 bln expansion in Hungary

Telco

German-based Edelmann is planning to initiate a HUF 4.5 billion expansion at its printing plant in Zalaegerszeg, western Hungary, president-CEO of the Hungarian unit György Czirkl said yesterday, according to Hungarian news agency MTI.

The expansion, which is scheduled to be completed in April or May, will raise headcount to 237 from the current 185, the president-CEO said.

The companyʼs revenue is expected to reach HUF 6 bln in 2016, while it hopes that by 2018 revenue will be approximately HUF 8 bln, Czirkl reportedly said.

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