Tile maker Mediterran to invest HUF 250 mln
Tile maker Mediterran Magyarország Betoncserép Gyártó has launched a HUF 250 mln expansion of its plant in Kunszentmiklós, the family-owned business told MTI on Wednesday. The greater part of the expansion will be financed from internal funds, and 20% will come from applying for subsidies.
After the development the company hopes to employ 10 more people by 2015. Mediterran has about a 40% share of the Hungarian market, while the company also has a factory in Slovakia. Mediterran had revenue of HUF 2.4 bln in Hungary in 2013. At group level, revenue was HUF 6.5 bln, expected to grow by 6-8% this year. Mediterran employs 180 people.
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.