Péter Szijjártó, Minister of Foreign Affairs and Trade, announced that the French company Suez will invest HUF 9.6 billion into its ultrafiltration membrane plant in Oroszlány, creating 85 new jobs and making the facility (aptly named the Manufacturing Center of Excellence unit of SUEZ Water Technologies & Solutions) the biggest such center in Europe.
Szijjártó said that the Hungarian government will support the investment by HUF 1.7 billion. The minister also drew attention to the fact that a leading multinational’s decision to expand its plant in Hungary was a huge nod to the Hungarian water industry.
The facility greatly contributes to proper wastewater treatments and freshwater supply. Global population growth and contamination of water bases has boosted the water technology market, and the products from the plant in Oroszlány are already being used around the world, including for UN peacekeeping missions and numerous NATO actions. The present expansion will also increase Hungarian exports, as almost 99 percent of what the plant produces is for the foreign market.
The FM noted that France is the 4th largest investor country in Hungary, with more than 500 French-based companies employing nearly 40,000 people.
The Manufacturing Center of Excellence unit of SUEZ Water Technologies & Solutions in Oroszlány was originally set up in 2002 and has now reached its capacity after several upgrades, thus, the need for the expansion. Suez Water Technologies and Solutions, overall, operates nearly 200 plants worldwide and employs 11,000 people. Almost a thousand people work for the Hungarian unit, Suez Water Technologies & Solutions Hungary Ltd., which reported revenues of EUR 160 million, with a profit of EUR 25 million, in 2017 and revenues of EUR 171 million, with a profit of EUR 18 million, in 2018.