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Austrian Prinzhorn Holding to Invest Massively in Hungary

Published: May 21, 2014; 20:34 · (Vindobona)

Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.

Paper producer Prinzhorn will invest to establish its own power plant in Hungary. / Picture: © Flickr

“Our competitiveness in Europe depends massively on energy solutions with a high efficiency and low costs,” Cord Prinzhorn, CEO of Vienna-based Prinzhorn Holding, said in a press release. “Hungary is an important market for us since we supply crucial segments of the Hungarian industry with packaging material.” In the past 20 years around € 600m were invested in the Hungarian…

This article includes a total of 230 words.

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