Procter&Gamble (P&G) is to build a new greenfield factory in Gyöngyös, the corporation's second plant in Hungary, with an investment of 19 billion forints, the company’s representatives announced on Friday.

State Secretary for External Economic Relations and Foreign Affairs Péter Szijjártó said at today’s press conference that this is another addition to the success story of Hungarian-American economic cooperation.

The investment will create 150 new jobs in addition to the already existing 800 jobs and will contribute significantly to enhancing the country’s competitiveness, he added. The State Secretary emphasised that P&G is already partner to several hundred local suppliers, providing them with further opportunities to expand and develop.

P&G’s Finance Director for Central Europe Kitti Papp said that their decision to invest was based on the positive investor environment, the well-qualified workforce and the infrastructural capacity of Hungary. She emphasised the role of the Hungarian Government, the Hungarian Investment and Trade Association (HITA) and the Heves County Government Office in realising this project. The factory will produce to the Central and Eastern European markets, as well as other countries of the EU, the Middle East and Northern Africa, she said.

(Prime Minister’s Office)