"Smokeless Products" Plant: New HUF 60 Billion Investment Announced by BAT to Create 450 Jobs in SW Hungary

  • 22 Apr 2024 6:47 AM
  • Hungary Matters
"Smokeless Products" Plant: New HUF 60 Billion Investment Announced by BAT to Create 450 Jobs in SW Hungary
British American Tobacco is expanding production in Pécs, in south-west Hungary, with a new 60 billion forint (EUR 152.4m) plant manufacturing smokeless products, creating 450 jobs, Péter Szijjártó, the minister of foreign affairs and trade, said in Budapest.

The new plant will enable BAT to relocate the production of new products to Pécs, turning the plant a global manufacturing centre in reduced-risk products, he said.

BAT currently employs some 1,000 people in Hungary, he added.

The plant is certified carbon neutral, showing the government’s dedication to environmental protection while boosting economic performance, he added.

UK companies are the 7th largest group of investors in Hungary, employing some 50,000 people, he said.

Bilateral trade has reached a record 6.5 billion euros last year, he added.

MTI Photo: Zoltán Máthé
*********************************

You're very welcome to comment, discuss and enjoy more stories, via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.