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2018-04-13 00:00:00
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Plans have been finalised to commence the construction of a HUF 6.4 billion plant in the northeast Alsózsolca. The company in charge of this project, Ravaber was formed by Belgium’s Ravage group and Turkey’s BeĹler Tekstil. It is a manufacturing plant aimed at increasing the production of insulation materials in the NE Hungary. The Minister of Foreign Affairs and Trade Péter Szijjártó announced this news in Budapest during a press conference.
He stated that the government had provided a non-returnable loan of HUF 1.24 bln to fund the project which is expected to create about 90 new jobs. The plant is expected to produce 36,000 tonnes of insulation materials annually and to achieve an export of two-thirds its production to neighbouring countries.
”Hungary, notably one of the world’s most conducive investment destinations has continued to provide a safe and favourable investment environment which is aimed at attracting more investors,” as stated by Péter Szijjártó on the government's website kormany.hu.
Tomas Keisers, the Business Director at Ravago, has also made a statement indicating that the production of insulation materials could potentially open up more avenues for business due to the contribution of the company to achieving energy conservation which has become a popular issue globally. |
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