Danish steel processor Andresen Industri to invest in Hungary

Danish steel processor Andresen Industri to invest in Hungary

According to recent news in the market, Danish steel processor Ib Andresen Industri (IAI) is planning to establish a steel processing plant in Hungary with an investment of €15-20 million. The plant, which will serve mostly the automotive sector in Hungary and Slovakia, will commence operations in 2005. The plant will have an annual production capacity of 100'000-150'000 tons.