The investment will create 500 jobs in the coming years, Szijjártó said. The government has provided a non-refundable grant of HUF 5.5 bln for the project, he added.

Ralf Goldbrunner, a member of Kronesʼ executive board, said the company picked Debrecen because of its logistics advantages, excellent infrastructure and well-trained labor force.

Krones is the worldʼs leading manufacturer of lines for filling beverages in plastic and glass bottles or beverage cans. About one-quarter of the worldʼs beverage bottles and packaging are filled by Krones machines, according to MTI.