Packaging material production plant will be established in Rétság with a 23 billion HUF investment
The Indian Flex Films establishes a flexible plastic packaging material manufacturing plant in Rétság. The value of the investment is 23 billion forints, of which the government contributes with 2.8 billion forints, the Foreign Minister said on Wednesday at a press conference in Budapest.
Szijjártó Péter emphasized that thanks to the modern manufacturing technology, this will be the first factory in Europe to produce flexible packaging materials. With the investment, the company creates 170 new jobs in Rétság. He added that Flex Films also operates factories in North America and Africa, and this will be the second factory in Europe after Poland. (MTI)
Related news
It’s not size that matters, it’s partnership: at Dunapack, even small customers receive great attention
Interview with Zoltán Szőnyi, Sales Director at Dunapack Packaging While…
Read more >The food industry can further develop with almost 100 billion forints
The first support decisions have been made regarding complex food…
Read more >Waiting strategy – and no real confidence
In a quarterly online presentation by PwC Magyarország partner Gábor…
Read more >Related news
Media Markt and Saturn may fall into Chinese hands
One of Europe’s best-known electronics store chains could have a…
Read more >LVMH’s six-month profit falls 22 percent, revenue falls 4 percent
LVMH Moët Hennessy Louis Vuitton SA, the world’s largest luxury…
Read more >Consumer Protection Authority: Family Frost recalled quick-frozen potato croquettes
Family Frost Ltd. has recalled pre-baked, quick-frozen potato croquettes due…
Read more >