BUDAPEST: Austriaʼs Prinzhorn is currently building a HUF 45 billion biomass power plants at its paper factory in Dunaújváros, central Hungary, CEO Cord Prinzhorn said in Budapest on Friday, according to state news agency MTI.
The development was initiated following an assessment that energy costs at the plant needed to be reduced, said the CEO. The project was initiated in May of last year.
In the last 20 years, the Prinzhorn group has invested €600 mln in its three Hungarian units, which contribute to an annual output of HUF 129 bln, the group said. The company has a headcount of 1,260 in Hungary. Hamburger Hungária, the Dunaújváros subsidiary, produces 670,000 tons of corrugated cardboard a year using recycled paper.
