Hoffmann Neopac AG, a packaging manufacturer in Debrecen, can double its capacity, producing tubes on four production lines instead of two, Minister of Foreign Affairs and Trade Péter Szijjártó said.
The Hungarian government launched its largest-ever investment promotion program during COVID-19, resulting in a record number of investments in Hungary.
Minister of Foreign Affairs and Trade, Péter Szijjártó emphasized at the award ceremony of Hoffmann Neopac AG, a packaging manufacturer in Debrecen, that the expansion of production capacities and the development of technology had begun with great force in Hungary.
The aim of the development was to expand the capacity of the Swiss tube manufacturing company, the minister said. With this, Hoffmann Neopac can double its capacity, producing tubes on four production lines instead of two. Almost 100 percent of the products produced here are exported, thus significantly increasing the performance of the Hungarian economy, the minister said.
The state is providing HUF 843 million in support for the HUF 6.5 billion project. In addition to 176 employees, the company will create another 25 new jobs.
Szijjártó said that the value of investments in Hungary increased by 10.8 percent in the second quarter of 2021, meaning that HUF 1.7 trillion is being invested nationwide. He predicted that the country would be able to show 8% economic growth in the second quarter of 2021.
The minister said, we have done everything we can to prevent the masses from losing their jobs while enabling Hungarian companies to prepare for the period when market demand is recovering.
The minister stressed that since the change of regime, never have so many people (4.7 million) worked in Hungary.
Szijjártó also mentioned that Swiss companies are the 11th largest investment community in Hungary. Switzerland is the second-largest trading partner in Europe in the ranking of countries outside the European Union. Trade between the two countries peaked last year at EUR 1.7 billion. Growth was also 10 percent in the first half of this year.
Member of Parliament Lajos Kósa said that the products of Neopac in Debrecen are produced with one of the most modern technologies in the world. He stressed that the tubes now meet the strictest environmental protection standards, and all products will be 100 percent recyclable next year.
The economic policy of the Hungarian government in connection with the reconstruction of Europe differs significantly from the mainline, Kósa said. We say that people need jobs, and employers should be given support. Sustainable growth and the long-term security of families depend on employment and rising incomes. If the employer is a partner in this, we will work with it, he stated.
Mark Aegler, CEO of the Hoffman Neopack Group, thanked all employees for producing the best tubes in Europe.