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
An International Monetary Fund mission led by Mr. Paulo Drummond visited Bissau during January 12-27, 2010, to discuss the government’s medium-term economic program that could be supported by the IMF under the Extended Credit Facility.
more »
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed to support US$1.9 billion in debt relief for the Republic of Congo, which includes US$255.2 million of debt relief from the two institutions.
more »
In 2009, net external assets of Monetary Financial Institutions remained negative but increased by LTL 9.3 billion.
more »
Spain's Minister for Science and Innovation, Cristina Garmendia, supports making R&D+i at the heart of Europe as a key to economic recovery.
more »
Lithuania and Malta granted reprieve on budget deficits; Hungary and Latvia on track to meet deadlines.
more »
More responsibility for fishermen, rules favouring good fishing practice and adjusting fisheries management models to complement and improve the traditional quota system should be among the key aims of common fisheries policy reform, say MEPs in an own-initiative report approved by the Fisheries Committee on Wednesday.
more »
On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
more »
On January 22, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
more »
Agriculture can help to slow climate change, but should be ready to adapt to the impact of global warming, said Agriculture Committee MEPs and scientists at a public hearing on Wednesday.
more »
The Ministers for Employment of the European Union are holding an informal council on Thursday 28 and Friday 29 January which will lay the foundations for drawing up the common policies in the area of employment which the European Union will adopt over the next ten years as part of the “2020 Strategy”.
more »