Tondach to build new plant in Hungary
Austrian tile maker Tondach plans to spend nearly Ft 10 billion to build a plant in Hungary, the local subsidiary announced.
The plant, to start test production in August, will turn out an annual 30 million tiles and 2 million other roofing elements. It will staff 60 people. Tondach Magyarország's annual revenue will rise from Ft 12 billion – Ft 13 billion to Ft 17 billion – Ft 18 billion as a result of the investment.
Tondach was awarded a Ft 500 million state investment subsidy for the project. (MTI – Econews)
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