Italy’s adhesive maker Mapei to invest HUF 1bn in production expansion.
Italy’s adhesive maker Mapei to invest HUF 1bn in production expansion. Italy’s adhesives maker Mapei plans to invest HUF 1bn in the expansion of its facility based in Soskut, managing director Bela Markovics announced. Following the investment the company expects that annual production volume would increase from the current 37,000 tonnes to some 60,000 tonnes in 2008. Mapei set up his Hungarian subsidiary back in 1991, but in the past five years it embarked on more significant outlays, which totaled HUF 1.4bn (including the construction of the Soskut-based facility). This year the company projects HUF 5bn in sales revenue, which also includes exports to Romania , Croatia and Ukraine .