Graboplast to build HUF 2 bln flooring plant next year
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.
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