TVK butadiene plant in Hungary could draw foreign investors

ERJ staff report (BC)

Budapest, Hungary – A decision by petrochemicals company TVK (Tiszavidéki Vegyi Kombinát) to build a butadiene plant in Tiszaújváros could attract other investors that use the synthetic rubber feedstock to the city, reports the Hungarian Business Journal from an MTI Econews source.

Roland Mengyi, an MP for the area, is quoted as having said this on 2 May. Talks have taken place in China in recent months with the aim of bringing manufacturing capacity to Tiszaujvaros, and officials from one of China's biggest tire factories will visit the region in May, Mengyi said. TVK parent group MOL said earlier it will spend about HUF 30bn (€100.7m) to build a butadiene plant in Tiszaújváros.

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