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Fireplace maker Vall-Ker expands to fill growing order stock

Hungarian fireplace maker Vall-Ker plans a billion forint expansion at its plant in Mako (SE Hungary) to fill its growing stock of orders, business daily Napi Gazdasag reported on Monday. In the first phase of the investment, Vall-Ker is spending HUF 130 million to build a 600sqm production hall. It needs the new capacity to fill orders for 30,000 units, managing director Istvan Toth told regional daily Del-Magyarorszag. Grant money is covering HUF 58 million of the cost of the project. Vall-Ker exports more than 90% of its products. Last year these sales generated revenue of more than HUF 1.66 billion. Vall-Ker, which was formed from the Mako Metalworking Cooperative in 1992, has spent more than HUF 350m on investments over the past five years.