Procter & Gamble To Expand In Hungary, Create 250 Jobs
Zacks Investment Research | Sep 29, 2016 10:50PM ET
Consumer goods giant The Procter & Gamble Co. (NYSE:PG) intends to expand operations in two of its manufacturing plant at Csomor and Gyongyos, Hungary. The proposed expansion will involve an investment of $200 million, creating 250 positions.
The signing of the expansion agreement with Hungarian government officials reportedly took place at P&G’s Hyginett Plant in Csomor, where it will upgrade technology to manufacture women’s sanitary pads. Packaging operations for its Braun razor brand and assembly and packaging operations for some Oral B tooth care products will be carried out at its Baby Care plant in Gyongyos.
Notably, total P&G employs about 1,200 workers in Hungary. About 800 people work at the Hyginett Plant whereas the Baby Care plant has employed more than 150 workers.
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