Protest accompanies Falco investment inauguration
pixabay
Tuesdayʼs inauguration of a new HUF 6.2 billion laminating plant of Hungarian wood-based panel producer Falco in Szombathely was greeted by protests from locals against alleged pollution, news agency MTI reported. The company also installed two lines of modern laminating equipment that will gradually replace four old ones.
The development is foreseen to increase the plantʼs annual capacity to 46 million square meters of wood-based paneling. The company has spent a combined HUF 34.85 bln on investments over the past nine years, including HUF 31.85 bln from internal funds, Chairman of the Board Tibor Novák was reported as saying.
The inauguration was reported to have been accompanied by a demonstration of locals against air and noise pollution they claim the company has caused. Protestors have collected more than 8,000 signatures in Szombathely demanding that Falco should immediately start installing promised filtration equipment, according to MTI.
Falco recently made a commitment to install filtration machines at its particleboard (chipboard) factory in Szombathely for HUF 8 bln, MTI reported the chairman as saying. Novák also stressed that Falco recently spent HUF 65 million on installing a measuring station to monitor pollution.
ADVERTISEMENT
Hungary Trade Surplus at EUR 1 bln in October
Orbán Participates at Milei Inauguration in Buenos Aires
EV Demand Constantly Growing
Budapest Strings Celebrating Founder With Birthday Concert
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.
