Danish medical supplies company Coloplast will expand its production capacities in Hungary, Prime Minister Viktor Orbán and Coloplast Vice President Allan Rasmussen announced on Monday.

The investment, totalling HUF 21 billion (EUR 70 million) will create 701 jobs, 426 at Coloplast’s base in the eastern Hungarian town of Nyírbátor and 275 in Tatabánya, north-west of Budapest. The government has contributed 2 billion forints to the project, an amount it will recoup in five years.

Coloplast has been present in Hungary since 2001, employing more than two thousand people, two thirds of whom are women. Its two plants present in the country manufacture 65 per cent of the Coloplast products sold worldwide. Vice President Allan Rasmussen said the recent decision on expanding the Hungarian centres of operation can be explained by the company’s 12 year-long positive experience in the country, in relation to which he praised in particular the performance and expertise of Hungarian workers.

In the past months, Hungary has been home to a large number of significant international investments, attracted to a great extent by the excellent international reputation of the Hungarian workforce. Car manufacturing companies like Suzuki, Opel, Audi as well global enterprises such as Hewlett-Packard or Procter&Gamble have recently all decided to expand their capacities in Hungary, thus boosting the production sector and creating thousands of new jobs in the country.

(Prime Minister’s Office)