Hamburger Hungaria, a member of Austria's Prinzhorn group, has started test production at its new €200 million packaging materials plant in Dunaújváros, south of Budapest, the company's directors said at a press conference on Wednesday.
Production director Attila Bencs and sales and marketing director Antal Braunecker said the plant, which took 19 months to build, can turn out 400,000 tons of packaging paper a year made entirely from recycled feedstock. The production line is starting operation at 50% capacity, but is expected to reach full capacity in two years.
The plant's output will be sold in Central and Southeastern Europe. It will employ 280 people.
Dunapack, the Prinzhorn's other paper unit in Hungary, processes about 90% of the recycled paper in Hungary.
The plant is expected to generate annual revenue of €140 million-150 million, Econews reported earlier. (MTI-Econews)