Metyx secures 50% investment to expand company

摘要

Textile company the Metyx Group says that it has received a 50% matched incentive package funded by the Hungarian Investment Promotion Agency (HIPA) to expand its Hungarian operations, Metyx Hungary Kft. The combined investment funds will be used to expand the existing facilities at a site in Kaposvar, a city in the southwestern part of Hungary, over the next five years, increasing its production capacity for weaving glass and carbon fiber textiles and expanding its fabric and core kitting service.