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 (22 - 23) Manufacture of rubber, plastic and non-metallic minerals 22.2 - Manufacture of 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://apps.eurofound.europa.eu/restructuring-events/detail/88029.