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Article: ENTERPRISE FUND BUILDING COMPETITIVE CAPACITY OF HUNGARIAN PACKAGING AND PRINTING
- Article from:
- PR Newswire
- Article date:
- February 24, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREENWICH and BUDAPEST, Feb. 24 /PRNewswire/ -- The Hungarian- American Enterprise Fund announced today a $3.8 million investment in COFINEC designed to consolidate the Enterprise Fund's interest in Petofi Printing and Packaging Co. Ltd., a COFINEC subsidiary. Since beginning investment operations in 1990, the Enterprise Fund has disbursed over $54 million in support of Hungary's growing private sector.
"Petofi is a prime example of the opportunity Hungary offers. Through later stage financing, Petofi has retrained staff, modernized plant and equipment and is competing successfully at world standards," said E.R. Scocimara, President and Chief Executive Officer of ...