British American Tobacco (BAT) has inaugurated a HUF7.5 billion ($24.9 million) nicotine pouch factory at its site in Pecs, Hungary, reports Hungary Today.
The facility’s production is intended for export. Production volume is set to more than triple by next year. BAT plans to increase the number of pouch production lines at Pecs from one to five.
BAT regional production manager Bernd Meyer said the company chose Pecs as the location of the investment because of the skills of local workers. The investment has created 100 new jobs.
Since acquiring the facility in 1992, BAT has invested HUF40 billion in its Pecs operations.
BAT Pecsi Dohanygyar had after-tax profit of HUF5.1 billion on revenue of HUF138 billion last year.
The unit of BAT employs 800 people.