The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.22 - Manufacture of plastic packing goods
120 jobs Number of planned job creations
Announcement Date
30 June 2016
Employment effect (start)
31 March 2017
Foreseen end date
31 December 2020
Description
M-FlexiLog of Marzek Group - an Austrian packaging materials manufacturer - is to invest 3.3 billion HUF ( approximately EUR 10 millions) in its new plant in Békéscsaba. The project covers the construction of a new warehouse and the installation of a production line of flexible packaging materials providing 120 new jobs. The Hungarian Government contributes 922 million HUF (approximately EUR 3 millions) to the project based on an Individual Government Decision.
The group has more than 600 employees in 3 countries: Austria, Hungary and Ukraine.
Sources
30 June 2016: Hirado.hu
1 July 2016: Napi.hu
Citation
Eurofound (2016), M-FlexiLog, Business expansion in Hungary, factsheet number 88029, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88029.
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