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ST Glass: blown glass factory builds own power station

Hungarian manufacturer of blown glass ST Glass Oblosuveggyarto es Forgalmazo Rt is to start a Ft 1.5 billion development project, according to Pal Vass, CEO of Hungarian Development Bank and owner of …

Hungarian manufacturer of blown glass ST Glass Oblosuveggyarto es Forgalmazo Rt is to start a Ft 1.5 billion development project, according to Pal Vass, CEO of Hungarian Development Bank and owner of ST Glass. The project will be granted Euros 3.440 million (Ft 894 million) EU subsidy. The bulk of the available funds will go to the construction of a power station which, according to Vass, will considerably reduce energy costs.

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