Philip Morris inaugurates HUF 3 bln e-cigarette recycling center
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Tobacco company Philip Morris inaugurated a HUF 3 billion e-cigarette recycling center in Gyál, on the outskirts of Budapest this week, according to a report by state news wire MTI.
Philip Morris sustainability director Miguel Coleta said the center can recycle 150,000 electric tobacco devices a month, but capacity can be increased.
The company picked the site because of Hungary's economic stability and the favorable investment environment, he added.
State secretary Tamás Menczer said the investment created 100 jobs, noting that Philip Morris has just one other recycling center, in Japan.
Philip Morris's revenue in Hungary was over HUF 230 bln last year.
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