HUNGARY: Local packaging company announces 6.9 million euros expansion | Progresiv
Hungarian packaging company Pikopack completed a 2.1 billion Hungarian forint (6.9 million euros) expansion at its Hungarian base in Füzesabony in north-eastern Hungary, the company said. 
The project was supported with a 1 billion Hungarian forint (3.3 million euros) EU and state grant, and will result in creation of 20 new jobs, according to the Budapest Business Journal.
The company, which is the largest manufacturer of metal packaging goods in Hungary, produces a wide range of packaging items, namely crowns corks, pilverproof caps, technical and fancy cans, aluminium tubes, and in 1999 started the production of three part aerosol cans from tinplate.
Pikopack exports almost 40 per cent of its output. In 2013, the company's revenue exceeded 8.5 billion Hungarian forint (28 million euros). (www.esmmagazine.com)
