Printing and publishing company Palatia Nyomda és Kiado is investing HUF 70 million at its base in Sopron (NW Hungary, managing director József Radek told MTI on Thursday.
The investment is supported with a HUF 28 million European Union grant and will be completed by the autumn.
As part of the investment, Palaita will add color self-adhesive labels to its product palette.
Palatia, headquartered in Gyor (NW Hungary), projects revenue of HUF 1 billion in 2011, up from HUF 950 million in 2010.
Sales in Austria generated 10% of revenue last year, up from 6-7% in 2009, Radek said.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
