• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Univer Product inaugurates EUR 14m plantUniver Product inaugurates EUR 14m plantUniver Product inaugurates EUR 14m plantUniver Product inaugurates EUR 14m plant
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • This is how Hungary could be kicked out of the EU

  • BREAKING: Explosion at a family house, one policeman died in Hungary

  • Another airline to fly to Budapest for Christmas

Support us
Daily News Daily News · 24/08/2017
· Business

Univer Product inaugurates EUR 14m plant

Kecskemét, 2017. augusztus 24. Üveges sûrített paradicsom halad a futószalagon Közép-Európa legnagyobb paradicsom-feldolgozó üzemében Kecskeméten az átadás napján, 2017. augusztus 24-én. A kecskeméti székhelyû Univer Product Zrt. 4,3 milliárd forint összértékû kapacitásbõvítõ fejlesztését 2,1 milliárd forint vissza nem térítendõ állami támogatással segítette a Nemzetgazdasági Minisztérium (NGM) a nagyvállalati beruházási támogatási program keretében. MTI Fotó: Mészáros János

Hungarian condiments maker Univer Product (Kecskemét, C Hungary) has inaugurated a 4.3 billion forints (EUR 14m) tomato processing plant, the biggest of its kind in central Europe, on Thursday.

Hungary’s government awarded the company a 2.1 billion forint grant for the project, Economy Minister Mihály Varga said at the ceremony.

The government launched a support programme in 2015 for big companies that are not eligible for European Union funding but upgrade their technology, increase their production capacity and create workplaces.

The investment has doubled the company’s tomato processing capacity to 140,000 tonnes a year and created 40 jobs, CEO Károly Molitorisz said.

Univer Products exports its output to Poland, Serbia, Germany, Slovakia, the Czech Republic and Bulgaria. Univer Product projects revenue to increase by more than 17 billion forints in the next eight years, raising the share of tomato concentrate from 7 percent to 19 percent within the total output and boosting exports from 15 percent to 28 percent. Univer Product, established in 1948, employs 620 people.

The company had revenue of almost 21.5 billion forints in 2016 and projects revenue of 22.6 billion forints this year.

As we wrote on July, Prime Minister Viktor Orbán gave an address at an inauguration ceremony for a new production plant for Balogh Tészta Zrt. in Tiszakécske on Thursday.

Photo: MTI

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
European Union food industrial investment labour market
Share

Hot news

  • Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

  • Hungarian border protection cure for illegal migration

  • What happened today in Hungary? 21 September, 2023

  • Ferencváros started the European Conference League with a win

  • Hungarian opposition: WHO mustn’t be allowed to become ‘world government’

  • President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

Read More
Hungarian border protection cure for illegal migration

Hungarian border protection cure for illegal migration

Read More
What happened today in Hungary? 21 September, 2023

What happened today in Hungary? 21 September, 2023

Read More
Ferencváros started the European Conference League with a win

Ferencváros started the European Conference League with a win

Read More
Hungarian opposition: WHO mustn’t be allowed to become ‘world government’

Hungarian opposition: WHO mustn’t be allowed to become ‘world government’

Read More
President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

Read More
Michelin Guide Hungary 2023: Sommelier of the Year winner named

Michelin Guide Hungary 2023: Sommelier of the Year winner named

Read More
The Hungarian government would use EU money to build a bridge for military purposes

The Hungarian government would use EU money to build a bridge for military purposes

Read More
Attention! One of the biggest Hungarian banks is facing a shutdown for several days!

Attention! One of the biggest Hungarian banks is facing a shutdown for several days!

Read More

Hungarian FM: Global health-care cooperation must be totally depoliticized

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?