Are you sure?

BorsodChem completes Ft 1.3 bln expansion

Chemicals company BorsodChem Rt inaugurated a Ft 1.3 billion expansion at its formaldehyde factory on Wednesday.

The investment doubles the annual nominal capacity of BorsodChem unit BC-KC Formalin Kft to 80,000 tons. BorsodChem paid for the investment with its own resources, bank loans and a Ft 200 million state grant intended for technological improvements, product manager Béla Varga said.