Swiss Krono Plans HuF 17 BN Expansion in Hungary


Swiss-owned building materials maker Swiss Krono plans a 17 billion forint (EUR 47.2m) expansion at its base in Vásárosnamény, in north-east Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday.


The government is supporting the investment, which will preserve 145 jobs and create 28, with a 2.5 billion forint grant, Szijjártó said. Swiss Krono also made a commitment to continue its operations for another ten years, he added.

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