Vajda-Papír 2023, Hungary's leading hygiene paper manufacturer, achieved record profits both in absolute terms and as a percentage of sales, closing last year with outstanding results, sales growth and a significant improvement in earnings, as expected.

In recent years, Vajda-Papír Group has strengthened its position in the Nordic market. Its Norwegian factory, Vajda-Papír Scandinavia AS, the only Hungarian-owned daily consumer goods producer and exporter in Norway, celebrates its 10th anniversary this year. To mark the anniversary, Minister of Foreign Affairs and Trade Péter Szijjártó visited the Norwegian factory. In order to further exploit the good potential of the Nordic market and to strengthen the company's regional presence and export activities, Vajda-Papír is considering further investments, developments and market expansion.

The building has won the 2023 ÉVOSZ Construction Industry Award of Excellence in the category of Industrial and Energy Buildings.

Vajda-Papír, Hungary's leading manufacturer of hygiene paper products, donated almost three thousand hygiene paper products covering a year's supply for people in elderly care to the Hungarian Charity Service of the Order of Malta. The charitable organisation provides care for around 2,700 elderly people every day in 27 residential and 7 day-care institutions, as well as home help and signalling home care across the country. The donation, with a value of more than 30 million forints and weighing 10 tons, was received by Father Imre Kozma, founding president of the Hungarian Charity Service of the Order of Malta, and the residents of the old people's home in the House of Caring in Fő Street on 15 November at the charity's headquarters.

Scope Ratings GmbH has today affirmed the B issuer rating on Hungary’s Vajda-Papír and revised the Outlook to Stable from Negative - the hygiene paper products company announced. Vajda-Papír’s long-term senior unsecured debt rating was also upgraded to B+ from B.

As expected, Hungary's leading hygiene paper manufacturer Vajda-Papír achieved outstanding results in the first half of the year. Attila Vajda, founder-CEO of Vajda-Papír Kft., explained the growth by the increasing demand, the company's growing efficiency and continuous innovations, including the strengthening of the away-from-home business, as well as the decrease in energy and raw material prices. Vajda-Papír sold 12.5% more products than a year earlier and managed to reduce the average gross selling price of its products by 10%.

Despite record sales in 2022; profitability has declined due to significantly higher raw material and energy prices. In one year, the company's energy costs have increased by 70%, by HUF 17 billion, and raw material prices have also risen. EBITDA thus amounted to HUF 1.44 billion and profit before tax to HUF 100 million in 2022. A year earlier, in 2021, the group achieved an EBITDA of HUF 2.7 billion on revenue of HUF 57 billion. The group produced and sold 12% more products last year than in 2021.

The new mill, which was completed during a 15-month investment project worth HUF 16 billion, was handed over by Mihály Varga, Minister of Finance, and Attila Vajda, Managing Director of Vajda-Papír Kft. One of the world's most modern hygiene paper mills has been expanded with the new mill unit, which includes the new base paper production hall, the base paper warehouse and the pulp storage and preparation areas.

The first roll has been rolled off the world-class base paper machine, ensuring the company's continued growth in Europe's most modern tissue paper mill. The machine, which is the main element of the expansion of Vajda-Papír's Dunaföldvár mill with a new production unit, was supplied, installed and commissioned by the Italian company Toscotec in Dunaföldvár. The world-class, energy-efficient base paper machine will be the “heart” of the new mill, which will be handed over soon, with a production capacity of 10 tonnes per hour and 80 000 tonnes of rolls per year. One of the largest and fastest paper machines in Europe, it will ensure the self-sufficiency of Hungary's leading manufacturer of tissue paper products in base paper and double the company's production capacity. The investment was made with government support.

Hungary's leading manufacturer of hygiene paper products, the Vajda-Papír Group, has won the seventh edition of the 2021 Factory of the Year Composite Award with its Dunaföldvár mill, one of the world's most modern hygiene paper mills. According to Attila Vajda, Managing Director of Vajda-Papír Ltd., the award is a recognition of the management's efforts over the past 22 years and of the more than 600 employees of the group, who have worked hard in several shifts during the pandemic to ensure a high level of quality to meet the surge in demand. The Factory of the Year competition, organised by GyártásTrend Magazine and its publisher PPH Media Ltd, assessed the manufacturing companies that entered the competition and the winners of the categories announced, based on a complex set of criteria.

Fifty-two billion HUF to fifty-seven billion HUF increased last year, the turnover of Hungary's market-leading, largest-issuing hygiene paper product manufacturer, the 22-year-old Vajda-Papír Group, last year. The majority of the ten percent increase in turnover was generated by the Hungarian mills, with the Norwegian subsidiary contributing EUR 16.7 billion to the performance. Group EBITDA was HUF 2.7 billion and profit before tax HUF 1.5 billion.

Vajda-Papír supplies hygienic paper products to the reception places of the Hungarian Maltese Charity Service – Hygienic paper products are provided for refugees from Ukraine in accommodation and assistance points.

According to Father Kozma, it is very important for companies to support their work with product donations.

The new factory unit implemented under a 15 months’ investment, totalling HUF 15 billion, was opened by Mihály Varga and Attila Vajda in the presence of their key partners, suppliers and the heads of the companies participating in the investment in Dunaföldvár, on 9 November, 2018. Hungary’s most modern tissue paper manufacturing and processing factory provides more than 100 new jobs in the region. The Hungarian company exports its products to more than 20 countries, it has had a separate factory unit in Norway since 2013, and is highly committed to using environmentally friendly technologies.

After a long and severe examination process, the Hungarian Ministry of National Economy had selected our investment plan for an integrated hygiene paper manufacturing site as from national economical perspective preferred one and decided to support it with 4,5 billion HUF non-refundable contribution in the program of the National Enterprise Investment Scheme. From the total 11 billion HUF investment, we will build Hungary’s biggest and most modern integrated hygiene paper production site

Sanitation paper brand Ooops was introduced in the Hungarian market in 2011 by Vajda Papír and since then it became the most popular brand in the Hungarian market.

Thanks to the new, innovative OPEN&CLOSE technology our three-ply Ooops! handkerchiefs come in a convenient, resealable package even in the pack of 90 category.

One June 11, 2014, in the presence of 100 guests – including national and local government representatives, diplomats, partners, clients and suppliers as well as the press – the new major investment project of HUF 1.8 billion to increase the converting capacity of Vajda Papír Kft. was unveiled, which is to open up new vistas for the company.
The start button of the new state-of-the-art production line installed by early June was pressed by Péter Szijjártó, deputy minister of foreign affairs and trade and Attila Vajda, founder, owner and managing director of Vajda Papír.

The website of Vajda Papír now welcomes visitors with new design and content!

According to a mini-survey conducted by HR Portál the top priority in 2013 was strategic human resource planning at most companies, with some companies naming increasing the commitment of employees as their top priority. It seems that managing change becoming increasingly more important, but the ranking of priorities has not changed in recent years.