Nestlé announces a EUR 97m capacity expansion investment in Hungary
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The government has used all financial resources to prevent unemployment during the economic crisis caused by the coronavirus pandemic, Foreign Minister Péter Szijjártó said on Monday.
Szijjártó said at an event announcing a 35 billion forint (EUR 97m) capacity expansion investment by Nestlé Hungaria in Bük in western Hungary that 120 new jobs would be created. The state is providing 363 million forints support for a three-year project involving further training for 2,180 employees at total value of 726 million forints, he added.
He said the new investment would increase exports to represent over 90 percent of total production by the company in Buk, with products sold in some fifty countries.
The majority of suppliers are Hungarian companies, selling goods and services to Nestle at total value of over 50 billion forints each year, he added.
Szijjártó said
the planned training programme would enable employees to acquire skills to use state-of-tha-art technolgies.