Austrian Kronospan completes €5.1 million capacity expansion in Hungary
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The minister of foreign affairs and trade said in Mohács, in southern Hungary, on Monday that ensuring that all Hungarians benefit from the success of the government’s investment strategy and its positive impact in the form of new jobs, stable livelihoods, and developing infrastructure is an important goal of Hungary’s government.
Péter Szijjártó addressed the inauguration of an over 2 billion forint (EUR 5.1m) capacity expansion project of Austrian Kronospan’s wood-based panel manufacturing plant.
According to a foreign ministry statement, Szijjártó said the Hungarian state has contributed 286 million forints to the project.
He said the new equipment would increase the plant’s capacity to an annual 240,000 cubic meters. The plant in Mohács purchases more than 50 percent of its basic materials from Hungarian producers and sells 90 percent of its products in export markets, Szijjártó added.