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Envelope company opens new base with HUF 50 mln EU grant

Hungarian envelope maker has completed a new base in Batonyterenye (NE Hungary) with almost HUF 50 million in European Union support, managing director Csaba Horváth told MTI on Thursday. plans to hire 20 more people to work at the base, Horváth said.

The company, which has two high-capacity offset printers and one digital printer, has annual revenue of almost HUF 1 billion. It counts among its business partners office supply companies, banks, service providers and publishers. One of its contracted partners is state-owned postal company Magyar Posta.