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Greiner Bio-One to invest HUF 2 bln in Hungary

Telco

Greiner Bio-One, an Austrian manufacturer of disposable health care products, said it will invest HUF 2 bln (€6.5 mln) in the construction of a new 2,000 square meters production hall at its site Mosonmagyaróvár, west Hungary. The project is scheduled to be completed by the beginning of 2017.

It will raise production space to 11,000 square meters. The development is expected to double the unit’s exports in three years, managing director László Balogh said. The investment will create up to 50 new jobs at the unit which employs 160 at present, he said. The company plans further developments from 2017 on, mainly in the field of logistics, Balogh said. Greiner Bio-One Hungary plans revenue of HUF 4.1 bln after HUF 3.6 bln in 2013 and projects revenue of HUF 3.9 bln in 2014.

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