BioTech USA announced a huge capacity expansion

The coming decade is expected to bring further crises, as did the past twelve years, and the government is ready to protect Hungary’s interests and economic achievements as it has done before, Foreign Minister Péter Szijjártó said on Monday, at the announcement of an investment project by BioTech USA.

The company, which manufactures dietary supplements, has announced a capacity expansion worth 11.5 billion million forints (EUR 30.1m), supported by a 2.7 billion government grant.

The upgrade of BioTech’s plants in Dunakeszi and Szada, on the outskirts of Budapest, will create 100 jobs.

Szijjártó noted that the exports of protein products had jumped by 75 percent since last year.

The Hungarian food industry’s production value was at 4,500 billion forints last year, up by an annual 12 percent, he added.

As we wrote last week, Hungarian motorways to be maintained and built by a consortium in the next 35 years!

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Source: MTI