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Nolato investing €7m at Hungary unit

Swedish hygiene and health product maker Nolato is investing €7m to expand capacity and broaden the product range at its unit in Mosonmagyaróvár (NW Hungary), Nolato Magyarország managing director Johan Arvidsson said at a press conference on Wednesday.

The unit won a HUF 430m grant to support the investment, which will add 50 employees to a staff of more than 400, Arvidsson said.

Nolato Magyarország expects to close 2011 with revenue of €41m.