Csonkaglas buys equipment, plans to boost exports

Hungarian household and laboratory glassware manufacturer Csonkaglas is aiming to significantly increase sales, especially export sales, with the acquisition of production equipment and moulds for ove…

Hungarian household and laboratory glassware manufacturer Csonkaglas is aiming to significantly increase sales, especially export sales, with the acquisition of production equipment and moulds for ovenproof dishes from Germany“s Schott Jenaer Glas. Csonkaglas expects sales to increase 10% in 2005, and exports to account for as much as 80% of sales, up from 50%, CEO Laszlo Csonka announced on 1 July 2005. Csonkaglas acquired the equipment and molds from Schott Jenaer Glass when it decided to stop making the products. Csonkaglas previously exported to Austria and Germany, but will now widen its sales to other EU countries, Russia, Japan and the Middle East. For 2004, Csonkaglas posted revenue of HUF 300 million, down from HUF 350 million in 2003. (HUF 100 = EUR 0.4051)