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Cornerstone laid for HUF 1.1 bln tire-shredding plant

Hungary's Magyar Gumi-újrahasznosító laid the cornerstone for a HUF 1.1 billion (€4.15 million) tire-shredding plant in Tamási.

The 1,200-square-meter plant, which is expected to be completed in 4-5 months, will have a capacity to process 9,000 tons of tires a year. Trial production is expected to start at the end of the year. The government's Economic Operative Program is financing 50% of the project. (MTI – Econews)