Pannonplast to set up Serbian plastic packaging unit
The company also said it plans to take part in building bioethanol plants worth a total of Ft 200 million by 2008 after it started in June to build up a new division to manage projects using alternative energy sources. Gyimóthy said Aug. 1 Pannonplast plans to invest Ft 10 billion buying stakes in companies from various industries in the next three years, which it would keep for three to five years. The shares have jumped 81% this year, fueled by the company's strategy of selling unprofitable units. They rallied 8.2% to a five-year high of Ft 3,500 in Budapest , giving the company a market value of Ft 14.7 billion. (Bloomberg)
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.