Polish Alumetal establishes plant in Hungary

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Poland-based aluminium alloy manufacturer Alumetal yesterday finished building its first plant outside Poland, in the Hungarian city of Komárom, according to reports.

The plant will employ approximately 150 people as of this fall, Jozef Mlocek, Alumetal Group Hungary managing director, said yesterday, according to Hungarian news agency MTI. 

The plant is expected to turn out more than 50,000 tons of products annually when the full capacity of the factory is reached, the director noted.

The company has three plants in Poland. The annual production capacity of the plants is approximately 165,000 tons a year.

The company had revenue of €277 million in 2014, according to MTI.

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