Tile maker Mediterran to invest HUF 250 mln

Telco

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.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

New financial director at Heineken Hungária Appointments

New financial director at Heineken Hungária

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.