The new facility will be built from a Ft 3 billion investment. The plant will create about 30 jobs, and will process annual 300,000 tons of corn bought from producers of the region. The parent company Svensk Etanolkemi AB (SEKAB) announced a year ago that it plans to invest €380 million ($525 million) into creating the first 4 plants in Hungary. Sekab is expecting income of €290 million ($400 million) from its Hungarian facilities as early as 2009. (Napi Gazdaság)
Producing journalism that is worthy of the name is a costly business. For over 30 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.
