Cavan based building materials firm Kingspan plans to double its business in central and eastern Europe over the next two years
Published:
12 May 2004 y., Wednesday
The plan follows the accession of 10 new members, including Poland, Hungary and the Czech Republic, to the EU.
Kingspan chief operating officer Gene Murtagh said the group hopes to double its revenues to E100m from the region by the end of 2005, the Sunday Times reports.
Kingspan is building a panel factory near Budapest at a cost of between E10m and E12m, which will serve Hungary, Romania and the Baltic States.
At present, Kingspan's most significant operation in the region is in the Czech Republic, where it manufactures panels for the construction industry.
Also targeting eastern expansion in recruitment firm Grafton, which plans to open between 10 and 12 new offices in the area by the end of next year.
Niall Keyes, Grafton's central European managing director, said the expansion reflected expectations of strong job creation in the region.
Šaltinis:
businessworld.ie
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to the data presented by the Ministry of Finance, in end-January central government debt made up LTL26, 310.8 million or 28% of projected GDP for 2010 (LTL 93, 819 million).
more »
As far as countries affected by the economic crisis, China fared extremely well.
more »
The European Commission has authorised today a Slovak scheme with a budget of approximately €3.32 million which aims at supporting farmers in Slovakia who encounter difficulties as a result of the current economic crisis.
more »
Commission sets out a 10-year strategy for reviving the European economy, casting a vision of ‘smart, sustainable, inclusive' growth rooted in greater coordination of national and European policy.
more »
The European Commission has launched today the Europe 2020 Strategy to go out of the crisis and prepare EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels.
more »
Launching of the “SCHOOLS’ initiative for innovation and changes” Grant scheme.
more »
EU Member States must not only deliver on their international aid pledges, but also bring in a financial transactions tax and a temporary debt moratorium, to help developing countries to cope with the effects of the global financial and economic crisis, said the Development Committee on Monday.
more »
The EBRD is increasing its commitments to promote sustainable energy projects in Slovakia with a new €90 million funding under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects.
more »
According to the unaudited data, in 2009 AB Bank SNORAS earned LTL 8.7 million profit. The bank’s assets grew by 11 per cent up to LTL 6.342 billion during 2009 and were by LTL 647.8 million larger than at the beginning of 2009.
more »
Aviation security measures that go beyond common EU requirements should be paid for by Member States, not by passengers, said Transport Committee MEPs in a vote on Monday that could put Parliament on a collision course with the Council of Ministers.
more »