Italian Farmol eyes new production hall in Hungary
The Hungarian subsidiary of Italian-owned Farmol, which makes and fills aerosol cans, is investing €3.5 mln in a new production hall at its base in Nyírbátor, northeastern Hungary, QSHE manager Erzsébet Cziczer said on yesterday.
The company will spend €2.5 mln on construction and €1 mln on production technology, Cziczer said. The production hall is set to be inaugurated in December, she added. The investment will raise headcount at the base from 138 to 304. Revenue is set to double from a little more than HUF 3 bln last year when the expansion is completed, Cziczer said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.