Prinzhorn Group to Build EUR 52 mln Packaging Plant near Budapest

The Austrian Prinzhorn Group, a major investor in the paper and recycling sector in Hungary and Central and Eastern Europe, is set to announce an EUR 52 million, state-of-the-art packaging plant to be located in Dunavarsány, 15 kilometers south of Budapest. The plant has a target opening date of summer 2021, according to a press release leaked in advance to the Budapest Business Journal.