ADVERTISEMENT

Graboplast to build HUF 2 bln flooring plant next year

Telco

pr

Hungarian specialized flooring maker Graboplast will build a HUF 2 billion plant at its base in Győr next year, Chairman-CEO Péter Jancsó told Hungarian news agency MTI on Friday.

Graboplast has already won a HUF 800 million grant for the plant, which will turn out mainly wood-plastic composite (WPC) flooring for outdoor use, Jancsó said. The headcount will rise by 50 as a result, he added. 

Graboplast employs about 700 people at its plants in Győr, Tatabánya and Kecskemét.

This year, Graboplast expects profits to climb more than 20% as revenue rises by 2-4%, Jancsó added.

Graboplast had after-tax profit of HUF 467 mln on revenue of HUF 18 bln last year. More than 90% of its products are exported.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.