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)