Hungarian Investment Promotion Agency

Switzerland-based SWISS KRONO Group employs 5,000+ worldwide and has been producing wood-based materials for over 50 years. The corporate group started out as a family business, and by now it is among Europe’s leading manufacturers.

The Group has presence at ten locations, namely in Switzerland, Germany, France, Poland, Ukraine, Russia, the U.S. and Hungary.

The facility in Vásárosnamény that launched operation in 2016 is one of the most modern OSB plants of the continent where now new capacity expansion for „Nut & Feder" (N&F) OSB will be realized. As a result of the development the manufacturing of higher value-added BE.YOND ecoWALL wall panels, which is made with this technology for decoration purposes, can also add to company revenues significantly in the future.

As SWISS KRONO CEO Martin Brettenthaler highlighted, by now the Hungarian operation has become the most profitable one of the Group, and success is rooted in the highly skilled, dedicated workforce, excellent raw material supply and the positive environment, with special emphasis on HIPA’s support.

Mr. Brettenthaler said.

Switzerland is the tenth largest investor in Hungary in terms of foreign direct investment, and it accounts for 3.2% of the total FDI volume.