At the outset of the fourth wave of the pandemic, and in a still uncertain economic environment, Tolnatext Bt. looks to the future with optimism: in October it launched the largest investment project in its history, planned over a two-year period.
The first element of the investment is the construction of a brand-new 3,500-square-metre production hall at the company's second site (on the former Tesco site in Tolna), accompanied by the purchase of high-value, technologically advanced production equipment — weaving machines, winders and drying cabinets. With the completion of the investment, the company's capacity will expand significantly and the production of several new products will begin.
Under the Large Enterprise Investment Support programme, the Hungarian state is supporting the project with a non-repayable amount of approximately HUF 382,857,050; the aid intensity is 20.13 per cent. The investment is scheduled for completion in the summer of 2023; construction of the hall begins at the end of October 2021.
The realisation of the investment will create further new jobs, which will further strengthen the economy of the town of Tolna, Tolna County and the entire region.
Investment
20 October 2021