Danish medical supplies company Coloplast plans to invest €100 million to expand capacity at its unit in Hungary, business daily Világgazdaság reported on Thursday.
The investment will create 1,000 new jobs. The developments will be carried at Coloplast's plant in Tatabánya, northwest Hungary and its unit in Szabolcs-Szatmár-Bereg county, northeast Hungary, where new hires could exceed 600.
According to the paper, Coloplast will receive government subsidies on the investment, but Economy and Transport Minister János Kóka declined to comment on the news when asked. Coloplast set up its plant in Tatabánya in 2000, leasing a factory until 2002, before completing its own 10,000 square meter facility. In 2003 and 2004, Coloplast built another two plants of the same size.