Hungarian-Chinese joint venture to make wine barrels
A new Hungarian-Chinese joint venture will produce oak wine barrels in China. The joint venture is owned by Trust Hungary Zrt. and Chinese Huai Lai Amethyst Manner Co. who signed an agreement yesterday in Budapest. Each company holds 50 % of the shares.
The plans involve the invesment of ¥300 mln – a worth of HUF 12 bln – in a barrel factory located in the Chinese province of Hebei, one of the most touristic regions of Northern China in the surroundings of Beijing.The factory is expected to start operating next year and aims at producing an annual 10,000 barrels, generating a revenue of $10 mln.
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.