The investment project will replace and modernize a significant part of the machinery and shall be finalized by the end of 2014. The investment reflects the strong commitment of Prinzhorn Holding to its Hungarian entities. In the time-span 2006 - 2010, Prinzhorn Holding invested a total amount of Euro 280 million in Hungary; primarily into the construction of its new paper mill in Dunaújváros.
Further investments to the amount of Euro 220 million are planned for the period 2011 - 2015.
The investment project in Nyíregyháza is made possible by the availability of European non-refundable subsidies for the North-East region of Hungary; 50% of the investment will be covered by an EU grant.
"Dunapack's strength has its roots in our high-level quality standards, in our innovative product portfolio that allows tailor-made packaging solutions for our clients, and in our sustainable production processes, based on 100% recycled paper as raw material for all of our packaging solutions," says Alexander Enzenberg, Managing Director of Dunapack Packaging Division. "Our investment program will even further these strengths for the Hungarian market."
The planned upgrading of machinery and infrastructure will allow a substantial widening of the range of packaging production and an outreach to new markets and client segments. It will also decrease the amounts of waste caused by production and lower maintenance costs.
"Further increasing our production capacity and improving our quality as well as our productivity and operational safety will strengthen our competivity on the currently very sharp packaging market in Hungary and CEE", says Alexander Enzenberg; Managing Director of Dunapack Packaging.
The upgrading program foresees a new packaging machine, a new print unit, new splicers, web and steam controlling system for the corrugator as well as a modernization of the internal material handling and the flexographic printing and improvements with box making.
Dunapack Packaging is part of Prinzhorn Holding. Prinzhorn Holding employs 4.478 people in 13 countries and ranks among the European market leaders in the recycling, paper and packaging industry.
