Metal Furniture Factory in Mórahalom with EU Funding

KAP Processing Ltd. is to set up a modern metal furniture factory in Mórahalom, SE Hungary, with the support of the European Union, the company informed MTI.

According to the statement, the investment, which will be completed by August, will cost HUF 257 million, of which about HUF 180 million forints will be covered by the conditionally non-reimbursable EU support.

The development will create a plant for the production of metal furniture and other accessories, which will primarily target the company's existing market, but will also open up the possibility of serving the needs of new partners.

With the development, the company will acquire modern, computer-controlled precision machinery. As a result of the development, KAP Processing Ltd. will be able to produce furniture and accessories with a variety of functions, shapes and patterns. The development will enable the company to manufacture its own products, which have been previously made on a contract basis, to a higher quality, with a wider range of products and more economical technology.

The products made in the new plant will be suitable for a wide range of applications: office and private homes, public spaces, hotels, industrial facilities or catering.

The project will also include the installation of a solar panel system to serve the energy needs of the equipment to be purchased.

The plant will create 16 new jobs for KAP Processing Ltd.

According to publicly available company data, the Hungarian-owned company, founded in 2011, had a net sales revenue of around HUF 552 million in 2021, almost four times higher than in 2020. The company achieved a profit after tax of HUF 31 million in 2020 and HUF 91 million in 2021.