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Jász-Plastik to open €1.7m plant in Romania

Hungarian plastic-processing and tool- and battery-manufacturing company Jász-Plasztik will open a €1.7 million plant near the city of Salonta on Romania's border with Hungary in August or September, the business daily Napi Gazdaság reported on Thursday, citing Salonta mayor Lászlo Török.

The newspaper wrote that the greenfield investment at the industrial park in the village of Madaras, 2 kilometers from Salonta, will create more than 1,000 jobs in a region where the jobless rate exceeds 10%. Part of the employees are expected to be Hungarian commuters.

Jász-Plasztik operates five plants in Hungary and one plant in Slovakia, employing more than 3,000 people in the former country and 1,800 in the latter.

The Jászberény-based company generates 60% of its revenue from plastic processing, Napi Gazdaság noted. (MTI-ECONEWS)