Mapei launches HUF 2.4 bln expansion at Hungary plant
Image by Shutterstock.com
The Hungarian unit of Italian building materials maker Mapei launched a HUF 2.4 billion capacity-expanding investment at its plant in Sóskút (30 kilometers southwest of Budapest) on Wednesday, according to Hungarian news agency MTI.
A new production line will double production capacity to 110,000 tons and storage space will also double to 15,000 square meters, Mapei said. It will also update and expand facilities for personnel.
Work on the project is expected to finish by the end of November and after trial runs production could start at the beginning of 2018.
Managing Director Béla Markovich said Mapei is financing the investment from its own resources.
Mapei employs 165 people in Hungary at present and the investment is expected to create eight new jobs. The Hungarian unit had turnover of HUF 10.2 billion in 2016.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.