Swiss food company Nestlé is investing another 35 billion forints in Hungary (EUR 97 million) to expand its Hungarian capacity, and the Hungarian state is giving a total of 363 million forints (EUR 1 million) to the project. This will create 120 new jobs and support the training of 2,180 employees in the western Hungarian town of Bük.
This article was originally posted on our sister-site, Ungarn Heute. Translation by Júlia Tar
The investment of food giant Nestlé will increase exports to over 90 percent of the company’s total production in Bük, with products being sold in about fifty countries, emphasized Foreign Minister Péter Szijjártó when announcing the expansion. He stressed at the same time that most of the suppliers are Hungarian companies, which sell Nestlé goods and services with a total value of over 50 billion forints per year.
Nestlé operates three factories in Hungary. Szerencs is home to a European plant for the production and filling of powdered beverages, as well as the company’s sensory testing center for the Central and Eastern European region.
The factory in Diósgyőr is Nestlé’s only production facility specializing exclusively in hollow chocolate figures.
Bük is the company’s Central and Eastern European center for pet food production.
The planned training program will enable employees to acquire the skills to use the most advanced technologies. The Bük plant is already a key European center for pet food production, and the new investment would create one of Nestlé’s largest pet food plants in Europe, the minister added.
The volume of trade between Switzerland and Hungary increased by 8 percent in the first eight months of 2021, exceeding 1.2 billion euros, he said. Swiss companies represent the 11th largest investor group in Hungary, Szijjártó said, adding that this is partly due to “smooth political relations.”
Featured image: Pet food is packed at the Nestlé Hungária Kft. plant in Bük on 10 November 2017. Photo by Csaba Krizsán/MTI