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Hungarian Plastics Industry Association established

About a hundred companies have established the Hungarian Plastics Industry Association (MMSZ), the association said on Tuesday.

The association was established as an independent legal entity to boost competition, win markets with innovative developments and introduce new Hungarian products in neighbouring countries. The association earlier functioned as a part of the Hungarian Chemicals Industry Association (MAVESZ) but it said that "challenges resulting from a new system of interest representation made the creation of a separate entity necessary according to the new board elected in May".

About 40,000 people work in Hungary’s plastics industry.