Hungarian firm invests in injection moulding plant
A Hungarian packaging and plastic parts manufacturer is building a 3,300m2 injection moulding plant in north eastern Hungary with the help of national state and European development funds
Budapest-based Mikropakk is investing almost €3.6m in the construction of the facility located in the industrial development zone in Salgótarján. The family-run firm is being supported in the scheme by a €922,000 grant from the Hungarian Economic Development Operative Programme, reported the country's MTI news agency. The new moulding plant is scheduled to employ an initial workforce of 25 and production there is set to commence during the first quarter of 2010 according to managing director Gábor Fazekas. Mikropakk, which already employs around 110 at its existing operation, makes injection-moulded plastic products and parts for the packaging, electronics, automotive and building industries. It operates injection presses ranging from 6.5 to 350 tonnes supplied by Engel and Arburg. The moulder exports more than 40% of its output and in 2008 recorded annual sales of €10.9m.