Type
Business expansion
Country
Hungary
Region
Alfod es Eszak; Eszak-Alfold; Jasz-Nagykun-Szolnok
Location of affected unit(s)
Jászfényszaru
Sector
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

100 jobs
Number of planned job creations
Job creation
Announcement Date
14 June 2019
Employment effect (start)
31 December 2019
Foreseen end date

Description

Indian chemical corporation SRF announced a new plant in Jászfényszaru and the creation of 100 new jobs. The new production is planned to start by the end of 2019 and involves €60 million in investments. The annual production performance of the new unit is expected to reach 40,000 tonnes. The plant is going to produce BOPET (biaxially-oriented polyethylene terephthalate) and BOPP (biaxially-oriented polypropylene) foils.

SRF is a chemical-based multi-business conglomerate, active in several sectors and engaged in the production of industrial and special intermediate chemicals. It has 15 manufacturing units in two continents and it employs 6,300 people globally.


Sources

Citation

Eurofound (2019), SRF, Business expansion in Hungary, factsheet number 94434, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94434.