Forest Papír building HUF 2.5 bln plant, warehouse

Telco

Forest Papír, a member of the Hungarian-owned Forest group, which leads the domestic market for household and industrial paper products, is proceeding on schedule with the construction of a HUF 2.5 billion plant and warehouse at the former base of peer Piszkei Papírgyár in Lábatlan, managing director Ferenc Bodrogai said on Friday. Forest Papír won an HUF 812 million European Union grant for the investment which was announced last autumn. Forest Papír is spending about HUF 6 billion to consolidate production over five years, Bodrogai said. The Forest group had revenue of HUF 13 billion in 2012. Member Forest Papír targets revenue of HUF 10 billion this year. Exports generate 80% of revenue.

ADVERTISEMENT

Romania PPI Inflation Rises Further in August Analysis

Romania PPI Inflation Rises Further in August

Gov't Mulls Bailout for Dunaferr Government

Gov't Mulls Bailout for Dunaferr

Blue Chip Art and Passion Assets - Claudia Worthington Hess ... Podcasts

Blue Chip Art and Passion Assets - Claudia Worthington Hess ...

Magyar Posta to Close 35 Post Offices in Capital City

Magyar Posta to Close 35 Post Offices in Capital

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.