Hungary to Build New Tissue Mill
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After a long, in-depth investigation process, the Hungarian Ministry of National Economy, Hungary, has developed an investment plan for an integrated hygiene paper manufacturing site, and is supporting it with a HUF 4.5 billion (appoximately $16.7 million), non-refundable contribution from the National Enterprise Investment Scheme. The project will be Hungary’s biggest and most modern integrated hygiene paper production mill.
The long-planned project and related developments will not only play an important role in the performance of the Hungarian economy and foster and stimulate national GDP, but also will create more than 100 new jobs and contribute to a more successful and thriving local community in the region of Dunaföldvár. Beyond playing a significant role as converter in the region, by further increasing capacity and becoming a tissue base paper producer in Hungary, the new facility, as an integrated supplier, ensures even more secure operations and service for its customers and consumers.
The ceremony of the laying of the foundation-stone took place on June 12, 2017, in the presence of Mihály Varga, minister of National Economy. "The government supports the investment with HUF 4,5 billion as part of the program that targets those Hungarian big enterprises that do not fall under the conditions for financing subsidies from the EU. This program proves to be very successful," Varga said.
The owner and managing director of Vajda Papír, Attila Vajda, mentioned in his speech that "the 23,000 sq. meter mill is being built by the construction company Scorpio-Trans Kft., on 20-acres of land, and will be up and running by February 2018. Furthermore, the most modern and state of the art technology will meet the highest sustainability and environmental protection standards."
With this investment, Hungary’s domestic capacity will reach 100,000 metric tpy. The new facility will further support the successful development of the Ooops! brand as well as several internationally supplied label products.
