Holofon developing wood-plastic composite (WPC) in 246 million forint project

National

Hungarian plastics recycler Holofon is developing a wood-plastic composite (WPC) in a 246 million forint project which is supported with a 128 million forint grant from the National Research, Development and Innovation Office. The company aims to start commercial production of outdoor paving elements made from the WPC next year and is already in talks with potential buyers. Holofon turns out 8,000 tonnes of plastic regranulate annually, delivering to business partners in Hungary, Slovakia, Germany and Poland. It had net revenue of 2.2 billion forints last year.

 

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