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Velux to invest Ft 1 billion

Door and window production company Velux Rt is to spend over Ft 1 billion on factory development in Fertőd and Fertőszentmiklós, Világgazdaság reported. The Danish owned company will upgrade its glass, wood, and aluminum production technology in order to produce high quality heat-insulated mansard windows to be exported to Western Europe, explained company sales manager Johannes Kjellgren to Világgazdaság. Velux products are not the cheapest on the market, admitted Kjellgren, however, the aim is to be the most cost-effective. The company conducts market research regularly and makes decision about the introduction of new products on the basis of these results, he added. The Hungarian subsidiary will celebrate its 20th birthday next year.