The investments are supported by 2.7 billion forint in grant money by the government, the minister said at the announcement in Nyírbátor, in northeast Hungary.

The vertically integrated company’s poultry processing capacity will grow from 15 million a year to 25 million as a result of the developments, reducing dependence on imports and boosting export performance, Szijjártó said.

Tranzit-Food had revenue of 37.44 billion forints in 2020, public records show. Exports account for almost half of the total.


MTI Photo: Attila Balázs