Hungarian poultry company Master Good is planning a 15 billion forint (EUR 46.3m) capacity expansion at its base in Kisvárda, in northeastern Hungary, Foreign Minister Péter Szijjártó announced on Monday.
The government will provide a grant of 3.4 billion forints to the project, Szijjártó told a press conference,
adding that this is the first one awarded under the Hungarian Investment Promotion Agency’s new programme for technology intensive projects.
The investment will raise Master Good’s revenue by 50 percent within two years after its completion, managing director László Bárány said at the press conference.It will also put the base in Kisvárda among the six biggest poultry processors in Europe, he added.
Last year, Master Good had revenue of 69 billion forints, Szijjártó said, adding that close to three-fourths of its products were exported.
Featured image: MTI