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Article: Hungary's top chemical firm BorsodChem completes HUF 1.3 bln formalin plant.
- Article from:
- Hungary Business News
- Article date:
- May 25, 2006
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Hungary's top chemical firm BorsodChem completes HUF 1.3 bln formalin plant
BUDAPEST. MAY 25. INTERFAX CENTRAL EUROPE - BC-KC Formalin Kft, majority-owned by Hungary's largest chemical firm BorsodChem (BC), formally inaugurated on Wednesday a new formalin plant built in a HUF 1.3 bln investment to meet rising needs for the substance by BC's strategic MDI chemical production line.
Construction of the new factory, which will employ 18 people and generate annual output worth HUF 3 bln, started in May 2005 and was completed in January 2006, and followed by four months of successful test production. BC-KC Formalin's formalin production capacity has increased ...