UK-owned DS Smith Packaging Hungary to invest EUR 34.4m in expansions

Reinier Schlatmann, Managing Director of DS Smith Packaging East Europe, at the press conference announcing the investment in DS Smith Packaging Hungary Kft. in Budapest on 25 November 2024.
Reinier Schlatmann, Managing Director of DS Smith Packaging East Europe, at the press conference announcing the investment in DS Smith Packaging Hungary Kft. in Budapest on 25 November 2024. Photo: MTI

UK-owned DS Smith Packaging Hungary will invest HUF 12.7bn (EUR 34.4m) at three bases in Hungary, boosting production capacity by over 40 pc, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Monday.

Szijjártó said in a statement issued by his ministry that the investments will be undertaken at bases in Füzesabony, Nagykáta, and Győr.

He noted that UK-owned companies employ around 50,000 people in Hungary, of which DS Smith employs over 1,000.

DS Smith said the EUR 34.4m investment would be completed in April 2026 in a press release.

DS Smith operates eight bases in Hungary: one offset and two corrugated cardboard plants, four service centers, and a central office.

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