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 Food And Beverage Manufacture Of Food Products 10.92 - Manufacture of prepared pet foods
250 jobs Number of planned job creations
Announcement Date
13 January 2023
Employment effect (start)
13 January 2023
Foreseen end date
31 December 2023
Description
Nestlé Hungária, the Hungarian subsidiary of Swiss conglomerate Nestlé, has announced an expansion of its pet food production in Bük, Western Hungary. The investment will create 250 new jobs in addition to the current 1,400.
A new plant and an automated storage facility will be built at the production site, resulting in a 30% growth in its production capacity. The investment cost is about €350 million. The construction of the new facilities is set to be completed by the end of 2023.
The Bük site is the Central Eastern European centre of Nestlé's pet food production. It exports its products to more than 50 countries. 90% of the output is exported, and with this expansion, the rate will rise to 95%. The site underwent several rounds of development in recent years, with the last expansion taking place in 2022.
13 January 2023: Hungarian Investment Promotion Agency (hipa.hu)
Citation
Eurofound (2023), Nestlé Hungária, Business expansion in Hungary, factsheet number 108238, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108238.
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