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
The financial and economic crisis has shown that reckless behaviour of banks and other financial institutions can have serious and costly consequences for Europe's economy and its people.
more »
Local services that create jobs and improve energy efficiency received a boost Thursday (2 September) when MEPs on the Industry, Research and Energy Committee approved plans for more investment.
more »
The European Commission approved the first financing decisions under the EUR 264 million 2010 allocation for the so-called Vulnerability FLEX mechanism to help the most vulnerable African, Caribbean and Pacific countries cope with the impact of the global financial crisis and economic downturn.
more »
The European Commission has today updated the list of airlines banned in the European Union to impose an operating ban on one air carrier from Ghana and to place operating restrictions on another air carrier from that country.
more »
The European Commission today approved an application from Denmark for assistance under the European Globalisation adjustment Fund (EGF).
more »
Algirdas Šemeta, EU Commissioner for Taxation, Customs Union, Anti-Fraud and Audit, will open tomorrow an international conference at the Shanghai World Expo 2010 on building bridges to facilitate trade between China and the EU.
more »
Moldova is set to receive an EU grant of up to €90 million to help it through the financial crisis, following a vote at Parliament's Committee on International Trade on Monday.
more »
Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date.
more »
75% of Europeans think that stronger coordination of economic and financial policies among EU Member States would be effective in fighting the economic crisis, according to the Spring 2010 Eurobarometer, the bi-annual opinion poll organised by the EU.
more »
The European Commission has extended until the end of the year the liquidity support scheme for banks in Slovenia.
more »