Swiss-owned Swiss Krono, the world's leading manufacturer of wood-based materials, has decided to implement a significant capacity increasing development. As a result of the investment of EUR 47 million retaining 145 jobs and creating 28 new ones, the "OSB" production capacity of the Vásárosnamény plant will increase more than 1.5 times.
About 15% of the investment cost is borne by Hungarian taxpayers as a result of a government decision. According to a report by the Hungarian Investment Promotion Agency, Swiss Krono Kft., a family business based in Lucerne currently operates 10 factories in eight countries employing some 5,000 people worldwide.
As a result of the investment the "OSB" (Oriented Strand Board) production capacity of the Vásárosnamény plant will increase more than 1.5 times. About 30% of the planned excess volume will be sold on the Hungarian market, while 70% will be exported. The company is going to expand its special 28.8-metre OSB production line to 38.7 metres and implement the procurement of wood shredding and drying units, as well as related energetic development.
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