Metecno to invest €25 mln in Hungary
Buildings material manufacturer Metecno will spend €25 mln to construct two plants in Hungary by the spring of 2017, the managing director of the companyʼs local unit said yesterday. Swedsteel-Metecno managing director Alyyan Nabeel said the first plant, which will make wall and roof coverings as well as drainpipes, will be completed in Q1 2016.
The second plant will begin manufacturing pre-fabricated composite panels a year later, he added. The investments will be funded with Metecnoʼs own resources and money from investment company Meander Holding. European Union funds will not be used for the project.
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