Unilever investing Ft 2 bln at plant in Hungary
UK-Dutch Unilever has started a Ft 2 billion (€7.7 million) investment to boost production and improve efficiency at its household chemicals and cosmetics plant in Northeast Hungary, Unilever managing director for the CEE region Tracy Rogers said in Nyirbátor on Wednesday, during a visit to the plant by UK ambassador to Hungary Greg Dorey.
The plant’s output will be boosted from an annual 150m units worth €150 million last year to 220m as a result of the investment, though staff numbers remained unchanged, said plant director Francesco Azzara. The expansion will allow the plant to service costumers throughout Europe. He added that Unilever had also invested Ft 2 billion at its base in Nyirbátor in 2003 to make it suitable to supply the Central East European region.
In addition to its plant in Nyirbátor, Unilever has an icecream plant in Veszprém (NW Hungary) and a food plant near Szeged (SE Hungary). The plants had combined revenue of more than Ft 80 billion in 2006, according to the latest available figures. Unilever employs 1,100 people in Hungary.
The UK is the fourth-biggest foreign investor in Hungary, Dorey said, noting that, in addition to Unilever’s investment, British Telecom had recently created 600 workplaces at its service centers in Budapest and Debrecen. Bilateral trade between Hungary and the UK was about Ft 3 billion in 2007, Dorey said. Hungarian exports accounted for the larger part. (MTI-Econews)
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.