Electro-Recycling plans Ft 1.2 bln electronics recycling plant

Recycling

Electro-Recycling Group plans to build a Ft 1.2 billion recycling facility for waste electronic equipment in Bátonyterenye, northeast Hungary, supervisory board chairman Ferenc Pánczél said on Friday.

Construction of the facility, to be the first investment at the city's industrial park, will start in September and it will begin operating already early in 2007.
Electro-Recycling Group expects the facility to disassemble and recycle 5,000 tons of waste electronic equipment in its first year and double that amount afterward. The facility will employ 50-60 people at the start and 80-100 later on, Pánczél said. The company has signed a preliminary contract with Ökomat Kht, a company that collects waste electronic equipment, to supply the facility and to finance the processing of the waste. The contract should ensure the facility's continuous operation for the coming seven years, Pánczél said.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.