Szenna Pack Ft 2 billion investment
Monday, June 20, 2005, 00:00
Szenna Pack, a maker of aerosol spray cans, plans to build a Ft 2 billion production line near Kaposvár, southwestern Hungary, which will boost efficiency 30-40% and double revenue to Ft 5 billion by next year, business daily Világgazdaság said yesterday. With the investment, Szenna Pack aims to strengthen its position on the Western European market as a supplier to multinational companies, Szenna Pack managing director János Bierer told the paper. Szenna Pack will pay for the production line with its own funds, loans and Ft 300 million in subsidies from the state's Economic Competitiveness Operative Program. The company will hire 20 more people to man the new production line.