Henkel Plans to Invest in Hungarian Adhesive Plant

Henkel is planning to build an adhesive plant in Tatabánya-Környe, Hungary.

The German chemical company will invest €14.7m ($20m) in the plant, which is expected to be operational by 2012.

Henkel is also planning to transfer production capacities from Poland and the UK to the new plant.

The company will also move glue production from the Hungarian city of Vac to Tatábanya, according to portfolio.hu.