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Coloplast awarded Ft 5 bln in subsidies on €100 mln investment

Danish medical supplies company Coloplast is receiving Ft 5 billion in state subsidies related to planned investments worth €100 million in Hungary, the latest issue of the Economic Gazette shows.

Coloplast signed a contract on the state subsidies on October 30. In the contract, the company said it would spend €100 million on investments at its existing plant in Tatabánya, northwest Hungary and at a new plant planned in Nyírbátor, northeast Hungary, resulting in the creation of 1,000 jobs overall.
Of these jobs, at least 600 will be at the new plant in Nyírbátor, according to the contract.
The amount of the subsidy was revealed within 60 days after the signing of the contract, as allowed under EU regulations.