Creaton to open new factory
Wednesday, September 7, 2005, 10:11
One of Europe's largest roof tile producers, German Creaton AG is about to extend its Hungarian factory, Napi Gazdaság reported. Plant director of Creaton Hungary Kft, Tibor Schmidt did not want to submit the details, because the final decision has not been made yet, but he affirmed that the mother company resolved to start the preparations for a new plant. According to unnamed sources, the decision about the Euro 25 million greenfield investment may be made by the end of this year. Opening of the new plant may increase the number of workforce from present 45 to at least 100. The existing factory, which was finished this year with Ft 4.5 billion investment in Lenti (western Hungary), operates at full capacity, producing 60,000 tiles daily, Schmidt added.