Urbán és Urbán spends HUF 280 mln to boost wafer capacity
Hungarian sweets maker Urbán és Urbán is undertaking a HUF 280 million capacity expansion at its base on the outskirts of Budapest, sales director Csaba Csúvár told MRI.
The company is installing two new production lines as part of the investment which will boost wafer production from a daily nine to 14 tons.
Wafers account for 65% of total output.
Urbán és Urbán won almost HUF 100 million in European Union grant money for the investment.
Urbán és Urbán plans to introduce 3-5 new products over the next three years. The company had revenue of more than HUF 2.5 billion in 2011.
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.