SCH-Ozon begins construction of waste-paper processing plant - newspaper

Waste-processing company SCH-Ozon has begun construction of a HUF 180m paper-processing plant in Maglód, just east of Budapest, the business daily Világgazdaság reported on Wednesday.
The company received HUF 62 million in European Union support for the investment.
SCH-Ozon expects to complete the 1,000-square-meter plant in December. Operation of the new plant will increase the company's annual waste-paper processing capacity by 50% to 120,000 tons per year.
ADVERTISEMENT
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.