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Rondo plans HUF 400 mln investment for 2015

Telco

Austrian-owned Hungary-based cardboard manufacturer Rondo Hullámkartongyártó is planning to invest HUF 400 mln in its Budapest factory following the completion of a HUF 350 mln investment in automation earlier this year, the company told MTI. In line with Rondo’s plans, the investment would be used to install new folding and gluing machines next year.

The company expects to have financial results in 2014 similar to those experienced in 2013. The company made a revenue of HUF 11.23 bln last year, with an operating income of HUF 554 mln and an after-tax profit of HUF 769 mln.

During the winter holiday season the company received most of its orders from consumer electronics and household application manufacturers as well as drinks and sweets manufacturers.

Rondo Hullámkartongyártó currently employs 190 workers and has a market share of 15-16% among corrugated cardboard producers, according to the company. Rondo supplies about 400 companies in Hungary. A third of its products is exported abroad.

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