Borsodchem plans to build new plant for €84 mln
Chinese-owned chemical company BorsodChem is planning to establish a new hydrochloric acid condensation plant in Kazincbarcika, via an €84 mln investment, supported with a €3.2 mln Hungarian government grant, CEO Chien-sheng Ding and state secretary for foreign affairs and foreign trade Péter Szijjártó announced in Budapest today.
BorsodChem is owned by the Chinese Wanhua group. The investment is expected to create at least 70 jobs, bringing the number of BorsodChem employees over 2,500.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.