Salgglas winds up HUF 1 bln expansion
Hungarian glass maker Salgglas launched a HUF 1 bln expansion in line with the plans, Budapest news agency MTI reported on Tuesday. The investment is expected to create 70 new jobs at the plant.
Salgglas CEO Gábor Kügler said 310 people work at the base in Salgótarján in north-eastern Hungary. Salgglas expects revenues of €22 mln this year, up from €20 mln in 2013. Next year, it sees turnover climbing to €31 mln. The company is owned by investors from Germany and New Zealand.
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.