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Henkel planning further expansion in Hungary

The Hungarian unit of German home-products giant Henkel is planning to make a €10 million investment at its liquid-detergent plant in Hungary, the business daily Világgazdaság reported on Wednesday.

Henkel Magyarország CEO Ferenc Deák told Világgazdaság that the company has contacted the Ministry of Economy and Transport regarding support for the investment aimed at increasing capacity and efficiency at its liquid-detergent plant in Kőrösladány (east Hungary). In 2007 Henkel Magyarország made investments of Ft 1.4 billion (about €5.5 million), most of which the company spent at its Kőrösladány plant. Deák told the newspaper that the company targets a 5% increase in domestic revenue and a 1-2% increase in export revenue in 2008. The Henkel Magyarország CEO said that the company could complete the projected €10 million investment within a year to a year and a half if it can come to an agreement with the ministry regarding support.

MTI reported in February that Henkel Magyarország generated revenue of Ft 79.8 billion in 2007, an increase of 10% from 2006. Henkel employed 671 people at its three plants in Hungary at the end of 2007, MTI reported. (MTI-Econews)