The German rubber and plastics processor Hübern H received a HUF 800m non-refundable grant by the European Union for its factory development in Nyíregyháza. The investment consists of both technological and infrastructural developments, which will create 80 workplaces in eastern Hungary. The project will result not only capacity expansion, but also enables the company to manufacture new products. The company’s annual revenue was €28m last year, which is 10% higher than the year before. With this new investment, the firm is planning to increase its revenue to €35m. The project will finish in October, 2013.
