Chemark Inaugurates EUR 13 mln Pesticides Plant
Image by MrGoSlow/Shutterstock.com
Pesticides maker Chemark inaugurated a EUR 13 million plant in the Peremarton industrial park on Friday, according to a report by state news wire MTI.
The 1,500 sqm plant will boost Chemark's annual production capacity by 10 million liters to 65 million- 67 million liters, making it one of Europe's biggest pesticide makers, CEO Ervin Tégi said.
The government provided HUF 1.3 bln in support for the investment.
This year, Chemark expects revenue of more than HUF 25 bln, up from HUF 20 bln in 2021, Tégi said.
Chemark's biggest partners are Syngenta and Sumitomo Chemicals Agro Euro.
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.