New Production Hall with EU Funding in Jánosháza

Festék Bázis [‘Paint Base’] Plc. is building a new 300-square-meter production hall in Jánosháza, Vas County, with EU funding and the foundation stone of the new facility was laid on Wednesday, the state news agency MTI reported Thursday morning.

As the company's CEO, Imre Hancs, CEO, pointed out, the company won more than HUF 160 million in EU funding for the HUF 320 million development under the Széchenyi Plus program, which was accompanied by HUF 60 million of its own resources and HUF 100 million in loans.

The company produces 650 thousand liters of paint per year. Their products are sold in Hungary and can be found on the shelves of 70% of the country's paint shops, the company director said. In Vas County, they have sites in Jánosháza and Celldömölk.

The new production hall will produce solvent-based paints, and as part of the project, the production technology will be improved, which will enable them to produce paints that can provide electrostatic discharge (ESD) protection for treated surfaces, the CEO said.

He added that the development is expected to generate a HUF 50-100 million increase in turnover from the first year, with plans to increase the current 43-strong workforce by 5-10 people.