09 May 2003 16:38 [Source: ICIS news]
BUDAPEST (CNI)--Austrian plastics colour and additives producer Gabriel Chemie is to build a new production facility in Nyiregyhaza, east Hungary, Gabriel managing director Leopold Kasmaier announced on Friday.
Construction will start in July this year on a 12 000 square metre area in the Nyiregyhaza Industrial Park. Scheduled to be completed within four to five months, the plant will require a total investment of about Euro2m ($2.2m), according to Kasmaier.
future capacity of the plant was not disclosed, Kasmaier said the
facility will export most of its products and will serve as
Gabriel's production centre in central and eastern Europe.
Gabriel currently produces colour masterbatch granulates in Tiszaujvaros, northeast Hungary, at premises rented from local ethylene producer TVK. Kasmaier said production will be moved to Nyiregyhaza once the new facility is completed.
Headquartered in Gumpoldskirchen, Austria, the Gabriel group has 300 employees and existing production sites in the UK, Germany, Austria and the Czech Republic. The group had revenues of about Euro60m last year.
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