AgroSprint to Invest HUF 9 Bn at Two Locations

Hungarian-owned AgroSprint, a supplier of frozen fruit and vegetables, will invest HUF 9 billion at two locations, Nyírlugos (NE Hungary) and Karcag (E Hungary), expanding capacity, MTI reports.

AgroSprint will set up a product development base in Nyírlugos and a new packaging plant in Karcag. The company exports 60% of its output and buys produce exclusively from Hungarian suppliers.

The Hungarian taxpayers support the investments with a HUF 3.5 billion grant, that is, close to 40%, as state subsidy.

According to information by the Hungarian Ministry of Foreign Affairs and Trade, the company has become an important player in this sector not only in Hungary but also in Europe, as evidenced by the fact that approximately 60% of its products are exported to 35 countries around the world.

The investment also provides opportunities for the development of domestic producers and small businesses, as AgroSprint purchases exclusively from Hungarian suppliers, buying 6,400 hectares of crops from a total of 323 producers.