EMCC European Monitoring Centre on Change

Vajda-Papír

Company/Organisation:
Vajda-Papír

Geographic Location

Country: Hungary
Region: Tolna; Del-Dunantul; Dunantul
Location of affected unit(s): Dunaföldvár

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
17 - Manufacture of paper and paper products
Number Employed: 400

Employment Effects

Announcement Date: 12-06-2017
Type of Restructuring: Business expansion
Employment Effect Start: 12-06-2017
Foreseen End Date: 31-01-2018
Planned Job Creation: 100

Additional Information

Hungarian-owned paper manufacturer Vajda-Papír is building a new plant in Dunaföldvár. The HUF 11 billionn (EUR 3,56 million) greenfield investment is subsided by the state with a HUF 4,5 billionn (EUR 1,45 million) grant.

The 23,000 square-metre new plant will become operational next February and will employ 100 people. The facility will produce 35-40,000 tons of semi-processed paper annually and will provide half of the company's needs, all of which is imported at present.

With a turnover of HUF 26 bn (EUR ,42 million) in 2016, Vajda-Papír also has plants in Poland and Norway.