Nestlé Hungaria to Plow HUF 55 bln Into Pet Food Plant

Manufacturing

Nestlé will invest HUF 55 billion at its pet food plant in Bük, boosting capacity and creating 130 jobs, Minister of Foreign Affairs and Trade Péter Szijjártó said on Friday, according to a report by state news wire MTI.

Nestlé will set up a new production unit and install two automated production lines at the base, he said.

The plant will have the capacity to make 500,000 tonnes of pet food a year from 2025, up from 200,000 tonnes in 2019, some 85% of which will be exported.

The state will provide the necessary infrastructure developments for the investment, the minister added.

Szijjártó noted that the government had supported Nestle's employee training program with HUF 193 mln.

Around 900 Swiss companies employ more than 30,000 workers in Hungary, he added.

The project is part of Nestle Hungaria's five-year, HUF 300 bln investment plan started in 2020, Nestlé Hungaria managing director Péter Noszek said.

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