Bericap Hungary, a maker of caps for drink containers, will finish installing a two million Euro automated production line at its plant in Szekesfehervar by November, managing director Denes Papp said, Budapest Business Journal reported on June 15. The new production line will turn out caps for markets in Norway, Denmark and Sweden. Bericap invested four million Euro at its plant in 2008. It won a HUF 145 million grant from the state economic operative program for the investments. Bericap produces about 4.5 billion caps a year. Even though Bericap plans to boost production 10 percent in 2009, it projects flat revenue of HUF 11.5 billion because of higher polyethylene prices, Papp said.
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