Type
Business expansion
Country
Hungary
Region
Alfod es Eszak; Eszak-Magyarorszag; Borsod-Abauj-Zemplen
Location of affected unit(s)
Tiszaújváros
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Rubber And Plastic Products
22 - Manufacture of rubber and plastic products

200 jobs
Number of planned job creations
Job creation
Announcement Date
28 August 2017
Employment effect (start)
28 August 2017
Foreseen end date

Description

JSR Mol Synthetic Rubber, a company co-owned by Japanese JSR (51 %) and Hungarian oil and gas company MOL (49 %), is building a synthetic rubber production plant in Tiszaújváros, Northeastern Hungary.

Construction is on-going, when completed, the factory is projected to produce 60 000 tons of material annually. The facility will create 200 jobs, hiring has been already started.

Synthetic rubber production is part of MOL's new strategy, aiming greater utilization of the synergies within the group. At the Tiszaújváros plant technologies and know-how come from the Japanese partner, while MOL provides butadiene, the raw material required for synthetic rubber – produced at the nearby MOL Petrolkémia factory.


Sources

  • 28 August 2017: vg.hu

Citation

Eurofound (2017), JSR MOL Synthetic Rubber, Business expansion in Hungary, factsheet number 91871, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91871.