When
What
Where
Time
Find a film
Colling
"Payroll, Financial Audit, Internet Accounting"
|
New Zealand Roofmaker To Invest In Hungary |
 "New Zealand-based Fletcher Building has recently acquired 5.4 hectares of land in Várpalota, northwestern Hungary, with plans to invest USD 20 million in a new plant to manufacture metal roofing, the New Zealand Herald announced on its website.The plant is expected to become operational in 2009, employing a staff of 100. Per annum output is estimated at 6 million roofing tiles. Rather than expanding production volume, the company is planning to move activities from a plant in the UK to Várpalota, with the British plant scheduled for closure as soon as the Hungarian unit becomes operational. Fletcher had considered Slovenia as an alternative location before the acquisition in Hungary, which then became the preferred option due to cost efficiency. Building a regional presence is motivated by significantly growing demand for Fletcher products in Central Eastern Europe, the company said. "
Source: Portfolio Online Financial Journal
14.11.2007
|
|