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Hungarian government seeks investment for local processing facility

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‘There are great traditions of wool processing in Europe and Hungary, but European wool processing facilities’, says Janos Vass of Hungarowool, a leading wool exporter in Hungary. ‘Today a tender worth ten million euros is being offered by the Hungarian Government to establish a processing facility. Only four million euros of this grant is it required to be paid back. This Government subsidy is designed to cover such costs as building a scouring facility and perhaps a combing facility as well’.

 

Hungarowool is seeking a partner to invest in this project. ‘Hungary is part of the European Union so there are no tariffs or regulations. The EU is a solvent market with a population of 700 million and final products can freely enter the markets of the USA, too’, he says. ‘We would be glad to hear from any interested party.

 

‘We intend to build a scouring facility with environmentally friendly solutions including solar cells, thermal water and recycling of sewage water as (bio-fertilizer). Subsidiary factories would complete this facility, utilizing wool waste and turning it into felt, baize and insulating material of walls and roofs. Hungarian wool has high lanolin content which is used by cosmetics and pharmaceutical industry, so a plant for processing lanolin would also be founded. The budget of ten million euros can be extended to develop additional processing lines such as a combing facility, top-making , as well as weaving or spinning factory’.

 

‘Regarding European wool we mainly mean merino wool up to 25 microns from Spain, France and Hungary’, says Janos Vass. ‘These types of wool are mainly processed in China. As they cannot compete with Australian wool neither in quality nor in quantity, they are significantly cheaper than Australian wool. The recent decrease in prices cause major problems at sheep farms all over Europe.

 

‘In Hungary we have everything that is needed: solar energy, 70 degrees Celsius thermal water for scouring and we have good quality merino wool ( 23-25 micron), that is currently being transported to the other end of the world in raw, unprocessed form, so that it can be transported back to European markets as a final product’.

 

‘The nearest ports like KOPER or TRIESTE are 500-600 kilometers from Hungary so transportation in containers can be flawless and fast. We have shipped greasy wool to China via these ports.

 

‘Hungary is a good place to invest’, he says. ‘The political situation is stable, public safety is good and the wealth of investors are safe and sound. ‘We can see a future for a wool based textile industry in Europe and South American countries, and would be an excellent investment opportunity for a Chinese investor.  Europe is a peaceful island where there is public safety, cheap workforce, and solvent markets’, says Janos Vass.

 

For more information please contact Janos Vass at hungarowool@gmail.com

 

 

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