Plastic recycle machine

The Hungarian government’s economic department announced that it will allocate 3 billion HUF (about 9.5 million US dollars) to 14 Hungarian producers. The purpose is to support plastics companies and other technology development, market expansion and create 500 new jobs,Plastic recycle machine

Local news agency MTI reported that the companies that received the financial support included local plastics industry participants.Plastic recycling machine

In addition, state subsidies include auto parts manufacturer AE-Plasztik Kft, whose product line consists of a series of internal and external plastic parts. There is also plastic cable manufacturer AXON Kabelgyarto Kft, which specializes in PE, PA and other plastics. There is also Videoton Elektro-Plast Kft, which produces plastic parts for a variety of household appliances and coffee machines.

However, the amount of funding allocated to each company was not disclosed. The government said the investment was made because the Hungarian company did not receive funding from the EU.

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