The Hungarian subsidiary of the British DS Smith, a leading supplier of sustainable packaging solutions, is launching development projects at three of its Hungarian facilities simultaneously, the Hungarian Investment Promotion Agency reports.
With a total investment of EUR 34.4 million, the production capacity of DS Smith Packaging Hungary Ltd. will increase by over 40 per cent. The project will significantly contribute to the adoption of innovative packaging technologies in Hungary, supporting the circular economy.
The company, which is active in several fields of the sector – from transport and transit packaging to retail and shelf ready packaging –, is overhauling the production technology at its Füzesabony plant, along with the entire logistics system. For instance, forklifts will be replaced with an automated system of conveyor belts. In Győr and Nagykáta, the focus is on upgrading the corrugated case material manufacturing technology, and installing other new, high-capacity, high-precision equipment.
British companies form the seventh-largest investor community in Hungary. DS Smith is among the first of them, it operates in the country since 1995. Its main focus includes innovative packaging solutions made from recycled and/or recyclable material.
The Hungarian subsidiary maintains facilities in seven cities and towns – including Budapest, Sárvár, Székesfehérvár, and Tiszaújváros, besides Füzesabony, Győr and Nagykáta – which are homes to factories, sales or packaging service centers. DS Smith Packaging Hungary Ltd. employs over 1,000 people in the country.
The DS Smith Group – a constituent of London Stock Exchange's FTSE 100 index – employs approximately 30,000 people worldwide, primarily in Europe and the United States. Founded in the 1940s, the company is also known in Hungary for its eco-classroom initiative, developed in collaboration with the Budapest University of Technology and Economics. Headquartered in London, the company’s products offer alternatives to problem plastics. One of its long-term goals is to ensure that no waste ends up in landfills as a result of its operations.
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