Falco Zrt. invests to increase capacity for construction industry products
2021. 02. 01.
Falco Zrt. invests EUR 25 million to develop numerous production areas at their premise in Szombathely. The development project will conclude in 2024 and it helps in retaining 302 jobs.
The company was established in 1937 and has production facilities in Szombathely and Tárnok; the company has been the member of the Kronospan enterprise group since 2007. Falco Zrt. is the leading producer of plywood for furniture and construction. Besides other companies in the Kronospan group, they also sell their products to numerous European buyers.
The current investment aims to develop the construction plywood machine line by introducing a new waste wood cleaning technology, starting the production of cement-bonded particleboards, establishing an open-air base material storage and also laying down industrial railway tracks.
The plant development will enable faster adaptation to customer demands and increasing manufacturing capacity, which will reduce production costs, thus contributing to the long run competitiveness of the company.
Sector articles
The Hungarian Investment Promotion Agency (HIPA) achieved outstanding results in 2024, with investment capital inflow into the Hungarian economy exceeding the EUR 10 billion mark for the second year in a row. HIPA CEO Mr. István Joó highlighted that the results ...
2025. 01. 16.
HIPA #HIPALeading investment platform AIM Congress gathered renowned FDI stakeholders from all over the globe in Abu Dhabi yet again where HIPA was presented the AIM Investment Award for the Central, Eastern Europe & Turkey Region.
2024. 05. 27.
HIPA #HIPAAmerican companies form the fourth largest investor community in our country, and economic relations stand the test of time. Hungary does everything to ensure that US businesses would continue to bring FDI here, stressed HIPA CEO Mr. István Joó at AmCham Hungary...
2024. 05. 13.
HIPA #HIPA