It’s official: New Procter & Gamble plant for Gyöngyös
The second of two large-scale US-based investments in Hungary promised early last week by the Foreign Affairs Ministry has come to fruition, with consumer goods giant Procter & Gamble announcing the planning of an $85 million factory in Gyöngyös.
Via greenfield investment, the Gyöngyös plant will be constructed on a 240,000 square meter plot within the industrial park there. The group’s second unit in Hungary, Procter & Gamble seeks to employ 150 in new jobs. The factory will produce disposable nappies with the Pampers brand name to be sold on the domestic market, in some European Union states, the Central Eastern European region, the Middle East and Africa.
Originally announced by the company in March during first-phase construction of the plant, the investment was likely finalized in June, when Foreign Affairs Ministry State Secretary Péter Szijjártó met with Procter & Gamble representatives in Washington, D.C., in mid-June.
Procter & Gamble first established production in Hungary in 1991 in Csömör and since then has invested some $240 million there. The company currently employs 800 at its original plant. On the eve of the decision’s announcement, local newspaper Világgazdaság had reported a poor fourth quarter for the international company for its latest closed fiscal year, with net profit of $1.88 billion down nearly 50% year-on-year.
– Material from Gergő Rácz was used in this story
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