Japanese Instant Noodle Company Announces HUF 4.3 Billion Expansion

  • 23 Apr 2021 5:15 AM
  • Hungary Matters
Japanese Instant Noodle Company Announces HUF 4.3 Billion Expansion
The local unit of Japan’s Nissin Foods will spend 4.3 billion forints (EUR 11.8m) to expand its instant noodle soup plant in Kecskemét, in central Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said.

The government is supporting the investment, which will preserve 320 jobs and create 20 new ones, with a 500 million forint cash grant, Szijjártó said.

Nissin Foods Kft will add 20% to its instant noodle soup production capacity and triple its warehouse space, he added.

Szijjártó noted that 180 Japanese-owned companies employ more than 30,000 people in Hungary.


MTI Photo:  Noémi Bruzák

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

  • Investments In Hungary Reached HUF 4,093 Billion In Q4

    Investments In Hungary Reached HUF 4,093 Billion In Q4

    • 2 Mar 2021 8:51 AM

    Investment volume in Hungary rose by an annual 2.5% in the fourth quarter of last year, after three consecutive quarters of declines, supported by public sector and household investments, data released by the Central Statistical Office (KSH) show.

  • Watch: SK Innovation Plans Third Hungarian Factory

    Watch: SK Innovation Plans Third Hungarian Factory

    • 1 Feb 2021 9:05 AM

    The board of directors of South Korean company SK Innovation decided on Thursday to build a new EV battery factory in Iváncsa, a village in Fejér county, Foreign Affairs and Trade Minister Péter Szijjártó announced on Friday.