Szilánk inaugurates HUF 2.4 bln plant, warehouse
Hungarian glass maker Szilánk on Thursday inaugurated a HUF 2.4 billion plant and warehouse near Szeged (SE Hungary).
Szilánk won a HUF 683 million grant for the HUF 1.5 billion plant. Another 250 million European Union grant was used for the HUF 900 million warehouse.
The Szilánk group, which will adopt the name CE Glass from April, had revenue of about HUF 7.2 billion both in 2010 and 2011. It aims to bring annual turnover back to pre-crisis levels of HUF 10 billion in the near future.
Szilánk employs 280 people. The investment is adding 80 to headcount.
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.