German household products maker Henkel is moving glue production from Poland and England to a EUR 14.7m plant it is building in northwestern Hungary.
Henkel will also move glue production from its base in the Hungarian city of Vac to the new plant in Tatabanya, west of Budapest.
The new plant will be closer to Henkel's partners in the electronics industry with bases in Central and Eastern Europe. The number of such partners in Hungary as well as the country's geographical location played a big role in the decision to build the plant in Tatabanya, the company said.
The plant will start operating by 2012. It will be staffed by 80 people.
Henkel Magyarorszag had revenue of HUF 83.9bn in 2009. The unit employed an average 595 people during the year.
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