Philip Morris inaugurates HUF 3 billion e-cigarette recycling centre in Hungary
Tobacco company Philip Morris inaugurated a 3 billion forint (EUR 86m) e-cigarette recycling centre in Gyal, on the outskirts of Budapest, on Monday.
Philip Morris Sustainability Director Miguel Coleta said the centre can recycle 150,000 electric tobacco devices a month, but capacity can be increased.
The company picked the site because of Hungary’s economic stability and the favourable investment environment, he added.
State secretary Tamas Menczer said the investment created 100 jobs, noting that Philip Morris has just one other recycling centre, in Japan.
Philip Morris’s revenue in Hungary was over 230 billion forints last year.