The Hungarian unit of British American Tobacco (BAT) inaugurated a 7.5 billion forint (EUR 22.6m) plant at its base in Pécs, creating 100 jobs, at a ceremony attended by Foreign Minister Péter Szijjártó on Monday.
The plant will produce nicotine pouches, initially on one production line but by 2020 an additional 5 production lines should be installed. The production is meant fully for foreign markets with production volume set to more than triple by next year.
BAT Regional production manager Bernd Meyer said they choose Pécs as the location of the investment because of the skill of local workers.
BAT has invested 40 billion forints in its tobacco factory in Pécs since acquiring it in 1992.
BAT Pécsi Dohánygyár had after-tax profit of 5.1 billion forints on revenue of 138 billion forints last year. The Hungarian unit of BAT employs 800 people.
Source:HungaryToday
