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MSK Hungary spends HUF 1 bln on investments

German-owned Hungarian packaging machinery maker MSK Hungary is spending about HUF 1 billion on investments at its plant in Nyírbátor, plant official Mónika Kiss told MTI.

The investments are supported with about HUF 465 million in European Union and state funding, Kiss said.

MSK Hungary is making improvements to its production technology and expanding capacity.

MSK Hungary had net revenue of HUF 5.8 billion in 2009, almost all from exports. Pre-tax profit reached more than HUF 1.2 billion. (MTI – Econews)