BorsodChem saves 3000 jobs with EUR 34m government investment

Hungarian chemical company BorsodChem has announced an investment of EUR 34m in their plant in Kazincbarcika from the government’s Competitiveness Enhancement Support Program. The investment was announced by Minister of Investment and Foreign Affairs Peter Szijjarto, who said that the investment protects jobs of Hungarian people, and they will do so in the whole country. The raw material manufacturing company that specialises in production of isocyanates, PVC and chlor-alkali thanks to this investment will be able to save over 3.000 jobs. BorsodChem belongs to the Chinese Wanhua Chemical Group.