Austrian Prinzhorn Holding to Invest Massively in Hungary

People ♦ 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: ©

“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…