Capacity Expansion At Hungarian Mondelez Biscuit Plant Inaugurated
- 22 Sep 2014 9:00 AM
Snack maker Mondelez International inaugurated a 4.5 billion forint expansion at its biscuit plant in Székesfehérvár, in central Hungary, on Friday. Economy Minister Mihály Varga, attending the inauguration ceremony, said the government would spend some 300 billion forints (EUR 955m) on food industry developments in the next few years.
The government is committed to making Hungary a successful and competitive country with sustainable growth and secure jobs.
“But we will only have a chance for that if we significantly increase the proportion of high value-added or highly processed products within the food industry through strong support for those sectors,” the minister said.
Varga noted that over 90,000 people are employed in Hungary’s food production, an industry which generated revenues totalling 3,200 billion forints last year, accounting for more than 30% of the country’s exports.
Mondelez International has invested about 50 million US dollars in Győr over the past three years, installing three new production lines and creating more than 350 jobs.
Source www.hungarymatters.hu
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MTI Photo: Máthé Zoltán
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