Mondi to invest HUF 13 bln at base in Hungary
(Photo: MTI/Zoltán Máthé)
British paper and packaging company Mondi will invest HUF 13 billion at its facility in Békéscsaba and create 220 new workplaces as a result, Minister of Foreign Affairs and Trade Péter Szijjártó said today, according to Hungarian News Agency MTI.
Minister of Foreign Affairs and Trade Péter Szijjártó speaks at Mondi press conference today. (Photo: MTI/Zoltán Máthé)
The development, which is being supported with a HUF 1.8 bln grant from the Hungarian government, will improve the companyʼs existing production facilities, ensure the installation of the latest machinery, and help in the construction of a logistics center, new production halls and a warehouse, explained Szijjártó.
Dynamic growth in the packaging industry is fueling the expansion plans, Mondi’s executive manager at Békéscsaba, Sándor Kardos, told MTI.
Mondi Békéscsaba had net revenue of HUF 13.21 bln last year, with HUF 814 mln in after tax profits, according to public records.
Mondi operates at four locations in Hungary, including Békéscsaba, Nyíregyháza, Kecskemét, and Szada, and has over 100 facilities around the world.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.