Bericap Hungary investing EUR 2m

The new production line will turn out caps for markets in Norway, Denmark and Sweden. Bericap invested EUR 4m at its plant in 2008. It won a HUF 145m grant from the Economic Operative Programme for the investments. Bericap produces about 4.5bn caps a year. Even though Bericap plans to boost production 10pc in 2009, it projects flat revenue of HUF 11.5bn because of higher polyethylene prices.

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