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.
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