Liquidator Vectigalis Zrt has stopped production at Pápa-based Elekthermax Household Appliance Maker Kft, insolvency practitioner Judit Kemelre Szegőné told napi.hu. Elekthermax, a company with several decades of history, was privatized in the early 1990s. Since then, none of its owners have managed to make it profitable, and its debt reached €2 million by the end of 2006. One hundred and twenty employees are being laid off.
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Door shuts on Hungarian appliance maker Elekthermax
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