Swedish medical technology and plastic components manufacturer Nolato has completed a major production capacity expansion in Hungary, and announced new plans for further expanding its footprint in the country, the Hungarian Investment Promotion Agency (HIPA) reports.
The investment worth EUR 21.2 million, close to 15% of which is covered by Hungarian taxpayers through a government deicison, includes five new halls at Nolato Hungary Ltd.’s plant in Mosonmagyaróvár, NW Hungary.
At the inauguration ceremony, the company also announced a new investment project worth EUR 69.4 million, further strengthening Nolato’s long-term commitment to Hungary.
Established in 1996, Nolato’s Hungarian subsidiary manufactures medical and industrial plastic products. The recently completed expansion has nearly doubled the size of the production area. Three of the new halls are dedicated to manufacturing, one serves as a warehouse, and one as a maintenance facility. The project also involved significant equipment procurement to enhance production technology.
The announced next investment will create capacity for the production of an innovative drug delivery system and further expand the manufacturing of existing healthcare products, underscoring Nolato’s confidence in its Hungarian operations and the local workforce.
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