Schott to increase production
Wednesday, August 17, 2005, 09:09
One of the worlds largest glass industry companies, Schott AG is going to increase the production capacity of its Hungarian subsidiary, Napi Gazdaság reported. "forma vitrum" Pharmaceutical Glass Producer Kft manufactures 600,000 ampoules and about 150,000 - 180,000 small bottles yearly, this will be increased to above 1 million in total, representative of the company, Miklós Balogh said. New employees will also be hired to the existing staff of 310. A new green field investment is also possible, which would increase investments to above Ft 1 billion; but it has not been decided yet, Balogh added. "forma vitrum" Kft was founded in 1993 and its turnover reached Ft 6 billion last year.